Tuesday 11 June 2013

WHEN WILL THE "EUROZONE" COLLAPSE ?


The question is not "WILL the Eurozone collapse ?" but "WHEN will it collapse?".

Europe is in turmoil !  For a multitude of reasons there are social upheavals everywhere.  There is discontent even in non EUROZONE countries, but these countries also fear for their own futures just as much. People are worried !

The "EUROZONE " has dominated politics for the last ten years after the introduction of the "sacred" "EURO" which has been defended by Germany at all costs, come what may. 

The situation now is that Portugal, Ireland, Greece, Spain and Cyprus are heavily indebted:  but Italy is also "bankrupt" and France is on the edge of seeking "help".

If Germany must again "help" this is not the moment.  Angela Merkel and her "Coalition allies" face elections on September 22, 2013 !  Will the "right" "bite the bullet"  and beat the Socialist left ?  Nothing is sure !

Before or after, will the "EUROZONE" revise its principles and permit, for example "Little Greece or Cyprus" to leave the Eurozone and re-adopt its former local currency after a devaluation ?  And what about Italy afterwards, and then France ?

Above all, will the "EUROZONE DICTATORS" then hesitate or even refuse, to help Banks which have cross- guarantees of Billions of EUROS of loans which could fall due, just to maintain the present "status quo" ?  That is the real crunch question !

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