Can the Euro Survive Beyond 2018?

It is only a matter of time until the Euro collapses sinking into the abyss. The French presidential election could be the straw that stars the disintegration of the Euro. The reason is very clear. The economic abyss with youth unemployment over 60% warns there is the complete failure to create new jobs and overall 20% unemployment in Euroland would mean the end of the single currency with massive civil unrest. The problem is NOT Greece. Greece is illustrating the problem. Europe is holding on for dear life, but the end-game was began in 2008. That was the fateful year the Euro peaked. It was the end of times for Europe. The mindless people still think that a strong currency is like a stock and it is strength rather than weakness. This stems from the entire mixed up idea of inflation and deflation. The higher a currency in price, the more deflation one sees rather than inflation for assets are on the OPPOSITE side of a currency. Those touting a return to a gold standard are wishing for deflation where assets decline along with wages.

German debt is soon to explode. Then we have the implosion of the banking system for their entire reserves are based upon politically correct investment into government debt of all members. This is a Greek Tragedy mixed with a comedy of errors and people in Brussels refusing to admit they screwed up big time. They are refusing to concede the ship is sinking.

Full article: Can the Euro Survive Beyond 2018? (Armstrong Economics)

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