Wolfgang Münchau endorsed many of our arguments
Wolfgang Münchau, Financial Times, has endorsed many of our arguments of
our Friday's opinion about the Euro summit where we stated that there was nothing really new. Münchau even claims that "The real victor in Brussels was Merkel."
And he confirms what we also think:
" If Ms Merkel is right and there are no eurozone bonds in her lifetime, the
eurozone will not survive. Without eurozone bonds or a change in ECB policy, Italy’s and Spain’s debt – and eurozone membership – is not sustainable"
See this article on the
FT.
Marc Chandler: Merkel is not isolated at all
Marc Chandler also claims that Merkel is not isolated and that markets just rally on because there was an agreement, even if this agreement is not helpful to solve the crisis.
Full story here
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George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers.
George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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