So, when is the next crisis date? In other words, when are the next European bonds due?
My personal opinion is that Western Europe will not cycle out of this problem.They will go from crisis to crisis as their politicians will not be able to say nein to their populus marching in the streets. With the exception of Germany their economies are uncompetitive having burdened their businesses with costly entitlements and overregulation. Look around your house or office. Do you see anything with a made in Europe label? With the exception of Germany much of Western Europe is at the end game and will topple their economies within the next 2-3 years as they have nothing to offer the world other than the few natural resources they may have.