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Tuesday, 26 March 2013
After Cyprus, Euro Zone Will Slip Into Depression |
Just so you know that we are not the only ones who logically link Cyprus to further troubles for the Euro zone, making their banks and securities a short-seller's paradise. More banking and government financing problems can be expected to ravage their economies. It is starting to make more sense to unravel this scheme, and let marginal countries devalue and print their own currencies so as to optimize their comparative advantages. This could revitalize their economies.
Iceland was able to recover somewhat through devaluation, because it was not locked into another currency.
Where's Don Meredith when you need him? "Turn out the lights..."
First Financial Insights
March 26, 2013
"...the party's over"
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