Euro has weathered debt storm, Barroso says

EU Observer ^ | 04.01.13 @ 09:24 (Jan. 4) | Benjamin Fox

[Olog-hai]

Business investors are confident the eurozone has weathered the worst of the sovereign debt crisis, according to European Commission chief Jose Manuel Barroso.

In a speech given to Portuguese diplomats in Lisbon on Thursday (3 January), the former Portuguese leader said that “the perception of risk in the eurozone has disappeared.”

He added: “Investors have understood that when European leaders commit themselves to doing everything to safeguard the integrity of the euro, they mean business.” …

Last month, German finance minister Wolfgang Schäuble also told reporters the euro has survived the worst of the crisis, following a buy-back deal on Greek bonds. …

[TADSLOS]

So there’s a 3 Trillion Euro coin now?

[LibLieSlayer]

Uh huh... skittles and rainbows again... until the next riot and burning down of an EU city.

LLS

[Olog-hai]

They love their beneficial crises over there. All about seizing more power and whatnot . . .

[Bon mots]

Utter nonsense, the crisis did not even really begin in earnest.

A good roadmap for where we are headed is something like what happened to Weimar Germany. The background was a bit different, but the path ahead is the same, albeit on a global scale this time.

Anyone who doubts it needs to read the brilliant book, "When Money Dies" by Adam Fergusson.

You can click on the book below to get it from Amazon:

You are in luck... it appears that you can still read it or download it for free online here and only here:

When Money Dies: The Nightmare of the Weimar Collapse

This book was out of print for a while, but now is being reissued. If you are interested, I suggest you grab the free e-book above while it lasts, as it will likely soon disappear since the book has gone back into print.

:)

Of course you can always buy a bookshelf copy from Amazon as it's cheap enough.