Schiff, Farage, and Euro Collapse
July 21, 2012 § Leave a Comment
A short talk with CEO of Euro Pacific Capital with gloomy, though realistic predictions.
Member of the European Parliament, leader of the UK Independence Party gives an update on acceleration of Euro collapse.
This article with the Telegraph demonstrates the IMF’s own pessimism over the Euro’s existence.
From the article:
“The IMF’s latest report on the eurozone is an astonishing document. When the full history of this episode is written, this “Article IV Consultation” will be cited as a key exhibit.
The euro area crisis has reached a new and critical stage. Despite major policy actions, financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself.”
The adverse links between sovereigns, banks, and the real economy are stronger than ever. Financial markets are increasingly fragmenting along national borders.”