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Do you think the Euro will survive the Debt Crisis in Greece, Portugal, Spain and Italy?

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Total Votes: 10
5 Comments

  • John Lecouteur - 16 years ago

    yes all by design....like Sinclair said...the people behind this would microwave their mother for the right price.

  • Vanessa Sjostrom - 16 years ago

    not a chance in hell.............of course they know this...all by design!!!

  • Alexander Muiruri - 16 years ago

    One way or another a solution to the crisis will be reached and implemented successfully.

  • Edward Ngari - 16 years ago

    Let us give it time and see how the $1 billion loan will take course.

  • Kinuthia Karanja - 16 years ago

    Those nations that are being rammed by the Debt Crisis will face recessions or depressions. It seems that the Club Med countries are directly in the path of the storm. Therefore, the inviting conclusion is that in the medium term, southern Europe will face the aforementioned conditions.

    The Euro will crack under the pressure. No mechanism has been established to allow individual countries to devalue their currencies or adjust interest rates. That was the model in the U.S. pre-1933 where 12 regional banks as part of the Federal Reserve system were allowed to adjust interest rates; attracting and repelling capital where necessary.

    Debt laden Britain and the U.S. are also under threat.

    Pay keen attention to gold. It is playing its historical role as a personal reserve currency and a hedge against destabilisation of the nation state. Gold in Euro terms is at an all time high of €949.04 whilst British Pound gold is at £818.58.

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