The Cliff of Death in Euro banks has now broken. It is something I have repeatedly warned about. The ECB are going to have their hands full soon and will have to step in or the member states will end up nationalising the banking system. I doubt the Euro can continue to perform 1/
like this. It will weaken over time as the ECB has to print a LOT.
These are really troubling times and this crisis is rapidly turning int THE crisis. Be careful. Its still early days so Im just highlighting the potential risks.
You can follow @RaoulGMI.
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