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The EU, the Euro and Cassandra (0 comments)

In Greek mythology Cassandra was the daughter of King Prian and Queen Hecuba of Troy. When she refused Apollo's attempted seduction, he placed a curse on her so that her predictions and those of all her descendants would not be believed.

 

What the experts had to say and when they said it

 

Alan Greenspan

Important person down at the Federal Reserve

23/08/2011        

The Euro is breaking down and on the verge of collapse

 

George Soros

American Businessman

03/06/2012        

..the eurozone is now at an inflection point with just three months left on its lifeline

 

Noriel Roubini

Another big American economist

28/01/2012    

The Eurozone will collapse this year. Greece will leave the Eurozone in the next 12 months

 

06/07/2012    

Italy and Spain will lose access to capital markets in three to six months

 

07/11/2012

Greece will be out of the Euro in 6 months

 

John Paulson

Billionaire hedge-fund manager

23/07/2012        

A 50% chance the Euro will fail and Greece to default by the end of this March (sic)

 

CitiGroup

American multinational financial services corporation

26/07/2012        

.. 90% probability that Greece will leave Euro in the next 12 months

  

Martin Feldstein

American economist

29/04/2010        

Greece is going to default despite all the talk, despite the liquidity package and Portugal will follow

 

The Economist U

UK magazine

26/11/2011        

The single currency’s collapse is looming and could break up within weeks

 

Eddie Hobbs 

Financial advisor

10/11/2011        

The euro collapse imminent

 

Nigel Farage 

Manager of UKIP

18/05/2012        

Greece will leave Euro fairly quickly

 

Ron Paul 

Former US politician

14/02/2012        

Collapse of the Euro is imminent

 

Max Keiser 

Financial programme anchor

22/06/2012        

Euro ready to collapse

 

Marc Faber

Swiss investor

24/10/2012

Get ready for Eurozone breakup

 

Max Fraad Wolff

Economist and freelance researcher

13/06/2012        

The Euro will fall apart

 

Paul Krugman

American economist

17/05/2012        

The whole thing could fall part in months

 

The Telegraph 

British Newspaper

23/02/2012        

Half of Britons think Euro will fail by summer

 

Time Business 

US Magazine

12/09/2011        

Its time to admit the Euro has failed

 

MarketWatch

UK Magazine

15/08/2012        

... the euro is already dead

 

David Buik

Another so called expert

06/12/2011        

Several European countries will have to leave the Euro in 2012

                            

How could so many of these well known experts have got it all wrong ? 

And did you notice the absence of any Europeans ?

We are obliged to give the other side of the story at this point to show that there is no bias. 

The only thing we could find was this;

 

Herman Van Rompuy / Jose Barrosso 

To the Russians on the 04/06/2012  

The Euro will not fail.

The Euro is a safe bet.

 

And they were both smiling when they said this

 

Here follows some minor facts of little consequence

 

The EU is the second largest economy in the world

The Euro is the second largest reserve currency in the world

The Euro is the second most traded currency in the world

The Euro has the highest combined value of banknotes and coins in the world

There are 7 countries outside the Eurozine whose currency is the Euro

Outside of the Eurozone, a total of 23 countries and territories that do not belong to EU have their currencies pegged to the Euro