Power of Story Send a Tweet        
OpEdNews Op Eds

Troubled Eurozone Finance Capital

By       Message Stephen Lendman       (Page 1 of 6 pages)     Permalink

Related Topic(s): ; ; ; ; ; ; , Add Tags  Add to My Group(s)

Valuable 2   Must Read 1   News 1  
View Ratings | Rate It

opednews.com

Author 194
Become a Fan
  (191 fans)
- Advertisement -

Troubled Eurozone Finance Capital - by Stephen Lendman

Troubled Eurozone slowly coming apart.

For years, Progressive Radio News Hour contributor Bob Chapman warned about troubled Eurozone financial institutions and possible sovereign defaults.

- Advertisement -

Greece died months ago. Default is certain. Only its obituary hasn't appeared. Germany prepared contingency plans to reissue the Deutschemark if Eurozone stability crumbles.

- Advertisement -
Six possible sovereign defaults loom if contagion spreads out of control. "Considering the condition of other European banks, and the possibility that three major French banks may be purchased by China, we could see disruption in the global banking system," warns Chapman.

"The very fact that Germany is building a reserve of Deutschemarks has to spell the possible end of the euro."

If conditions keep eroding, its advocates will be discredited for believing its time had come. Without Germany as its lynchpin, it's heading for history's dustbin.

Markets know Greek default is certain, but haven't priced in Germany readopting its D-mark. Chapman "predicted it 12 years ago and many times since." 

- Advertisement -

Disruption will be severe if it happens. "Overall, we cannot imagine a euro without German involvement. Secretly, the Germans have already made the decision."

Next Page  1  |  2  |  3  |  4  |  5  |  6

 

- Advertisement -

Valuable 2   Must Read 1   News 1  
View Ratings | Rate It

opednews.com

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert