morningtology

take it easy, it maybe useless

Waiting Eurozone to Collapse

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Greek debt crisis make it harder to maintain Eurozone. They already have plan B to save Greek.

THE eurozone is working on a contingency plan to save Greece from bankruptcy in case the parliament rejects austerity measures demanded by international creditors, an EU official said.

But according to Julian Phillips at Goldforecaster, Eurozone debt crisis is the greatest concern of the developed world markets over the last year.

The Euro suddenly was not as safe as had been thought. In the last week people realized that the problem could grow and contagion spread to the extent that the EU was threatened. Some feel the Euro is threatened, while others say, no, the Euro will survive but with a changed Eurozone. 

And I think, we are waiting Eurozone to collapse. If not immediately collapse, Eurozone will collapse step by step. And the most important thing, there will be a momentum for East Asia market revival.

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Written by ardinusw

June 28, 2011 at 5:05 am

Posted in Int'l Politics

Tagged with , ,

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