Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.
Powered by Investing.com

Sunday, September 25, 2011

The Grand Plan To Save The Euro

Here's just a few reasons why the plan to save the Euro won't work:

1 The EU wasted a year dithering etc etc..it was in a far better economic position last year to do this.

2 By the time the funding etc is in place, certain banks/countries will have already gone to the wall.

3 The Greek people will not accept the level of austerity required to keep them in the Euro.

4 The politicians are in denial, they won't accept that their view of how the world should work has been shattered.

5 The timing and content of the announcement is a "hail Mary" designed as a stop gap to put a bottom under the markets (form over substance). The markets will see through this, and the relentless pressure to force Greece out will not be abated.

6 The current design of the EU is unsustainable

7 Germany should leave the Euro, and let the PIIGS devalue the Euro to bring the dead economies back to life etc etc.

No comments:

Post a Comment