Either the ECB Prints and Germany Walks… or the EU Sees a Domino Debt Collapse Followed by Systemic Failure
by Phoenix Capital Research
ZeroHedge.com
11/19/2011
By now, even the mainstream media is realizing what I’ve been saying for well over a year: that the EU in its current form is finished.
I initially believed that we would see Greece kicked out of the EU. However, at this point it looks much more likely that it will be GERMANY who leaves.
The reason is quite simple really. Germany WILL NOT tolerate debt monetization. They’ve seen how that situation plays out (Weimar) and will not allow it again, END OF STORY. If the ECB opts to print money, Germany is out.
So… the only other option for the EU to last is the leveraged EFSF. However, as we’ve seen, that option is a dead end as well:
No new Euro zone money for debt crisis at G20
The Rest…HERE
