Each handout to a debtor state downgrades the euro's future internationally.
Baltimore, MD (PRWEB) May 19, 2011
One of the most talked about investor reports to come out in decades is the “The Inflection Point” written by international investing expert Jack Barnes. In this Money Morning.com report, Barnes warns about “The Coming Collapse of the Euro…” and how the entire European Union could come crashing down with it. Get a sneak preview of this highly acclaimed report and learn how to protect yourself from shrapnel when the future of the euro detonates.
Last May, thanks to a 110 billion euro bailout, Greece narrowly avoided bankruptcy. But less than a year later, Greece is front and center in yet another European Union crisis - and this time no less than the future of the euro – indeed of the European Union itself - is at risk.
No doubt, Greece’s troubles have become the de facto urgent matter for the 17-nation Eurozone. Next week they plan to vote on whether to grant the ailing country additional loans totaling as much as 60 billion euros.
Yet it’s this vote that could be the straw that breaks the camel’s back.
Germany, the EU's most powerful member, for instance, is making it clear it doesn’t have the heart or stomach for additional bailouts for any European countries - including Italy, Portugal and Spain, all of whom are still struggling with debt troubles back home.
And then there’s Ireland.
The Irish were forced to seek a bailout last year when their economy shrank 15% from 2007 levels. On top of that their banks had grown their balance sheets beyond the ability to pay. The tab for bailing out the banking mess in Ireland? $101 billion - $21, 610 for each of Ireland’s 4.5 million citizens!
Undoubtedly, each handout to a debtor state downgrades the euro future internationally.
And there’s only so much the euro can take before individual countries either give up their sovereign rights in favor of a stronger Europe or dump the EU altogether.
Investors should be prepared.
To learn more about this topic read: “The Future of the Euro - Why Europe’s Key Currency Is Doomed.” - an excerpt from “The Inflection Point: How to Profit From The Major Forces That Will Turn The Markets Upside Down” by Jack Barnes and Money Map Press.
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