nick venedi

Saturday, 19 May 2012

The real threat to the Euro

The real threat to the fragile economic system that afflicts Europe and the world one that depends so heavily on the whims of the markets is the collapse of the Spanish banking system which, unlike many others in the west is very localised. The fear of the imminent financial collapse as opposed to an actual downfall will make savers withdraw their cash and bring a major crisis on.

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