The EU, dead man walking

The EU is dead, it just doesn’t know it yet. Chatting today to a friend who has been involved in the buying and selling of European banks. I asked him today about the situation of Deutsche Bank, he said it will be renamed DLB, (Deutsche Lehman Bank) Letting it fail would create a global financial meltdown. Germany will have to break every rule in the EU rulebook to keep Deutsche afloat. Then Italy will ask for the same treatment from the EU for its banking sector, which is also in crisis. There just won’t be enough money to go around and the result will be a political and financial fracture which will rip the EU apart.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s