Euro to COLLAPSE – people rush to buy gold as trust in single currency DISAPPEARS
THE former head of the US federal reserve has warned the euro is on the verge of collapse saying he has “grave concerns” about its future.
By SIOBHAN MCFADYEN
Express.co.uk
Sun, Feb 19, 2017
And revered economist Alan Greenspan says it’s time the European Central Bank (ECB) came clean about the state of the economy as the bank’s chief Mario Draghi scrambles to save the flailing institution.
Mr Greenspan, 90, was the chairman of the Federal Reserve of the United States from 1987 to 2006, and predicted the scale of the US subprime mortgage scandal which precipitated the global financial collapse.
Now as investors turn to gold to try to stem their losses Mr Greenspan says it’s only a matter of time before the eurozone collapses.
He told Gold Investor magazine: “The European Central Bank (ECB) has greater problems than the Federal Reserve.
“The asset side of the ECB’s balance sheet is larger than ever before, having grown steadily since Mario Draghi said he would do whatever it took to preserve the euro.
“And I have grave concerns about the future of the Euro itself.
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