Salient to Investors:
Lars Seier Christensen at Saxo Bank said:
- The euro’s recent rally is illusory and the euro is doomed because Europe has no fiscal union.
- Another possible fallout is getting rid of some of the countries being ruined by being in the euro, notably southern European economies.
- People are dramatically underestimating the problems the French will encounter once they enter a full-scale crisis – it’s over because Germany cannot afford to or will not pay for that crisis.
- The political world has been extremely supportive of the euro for political reasons not economic.
Free email alerts of articles as soon as they are posted.