Behind the scenes there has been scrambling as Southern Europe moves closer and closer to outright collapse. I warned previously that our contacts high up in the German government made it clear more than one year ago that if the choice comes down to abandoning the Euro or Austerity, the Euro will win. Letting the Euro go will be far too great of a public political failure and politicians will lock up everyone, execute them and their families, before they will EVER admit they have caused this entire mess. That day has come during the week of 05/20 in line with our model.
Europe & The Euro: A Major Turning Point?
Posted by Martin Armstrong - Armstrong Economics
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