Sunday, March 24, 2013
Keep your eyes on Cyprus tomorrow morning
The Cyprus banking crisis will probably come to a head tomorrow. It has enormous significance for the Eurozone, and potentially for the USA as well.
I'm in the process of preparing a detailed article about it, looking at all the implications, but I can't complete it until we know which way the frog's going to jump. Look for it tomorrow evening . . . and until then, keep an eye on developments. I'm not exaggerating when I say this may be the start of a very serious European economic collapse.
Peter
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2 comments:
Having had to deal with $ to € exchange rates over the past decade I long for the € to crash and burn
I'm certainly no economics expert, but I hope that would boost the $.
Update: Monday 25 March 2013
OOPs, As usual the European Union and IMF have kicked the Cyprus can down the road further. So no € explosion today folks.
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