OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» A Royal Conflict: Buckingham Palace vs. Hollywood
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 7:34 pm by bs4ever

» Sean Stone Goes Full Cringe - Is this Really the Great Awakening?
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 4:53 pm by PurpleSkyz

» Clif High - Woo Rules!
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 4:51 pm by PurpleSkyz

» UFO News ~ UFOs Sighted Over Rio de Janeiro, Brazil plus MORE
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 11:11 am by PurpleSkyz

» The People of Ireland Say 'No More' to the Lunatics Running the Asylum
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:56 am by PurpleSkyz

» Supreme Court Sides With Biden, Dismisses Trump Administration’s Pending ‘Sanctuary City’ Cases
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:51 am by PurpleSkyz

» Families Burn Masks Outside State Capitol To Protest Lockdowns — Liberals Melt Down
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:47 am by PurpleSkyz

» Kerry cray cray Cassidy - The Whole Lie and Nothing But the Lies
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:40 am by PurpleSkyz

» The U.S. Economy Is Rigged
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:36 am by PurpleSkyz

» eROSITA X-Ray Telescope Spots Enormous Supernova Remnant
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:29 am by PurpleSkyz

» French Healthcare Workers Rebel Against Covid Vaccine En Masse
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:25 am by PurpleSkyz

» Bioethics and the New Eugenics
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:21 am by PurpleSkyz

» The 2020 Worldwide Corona Crisis
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:17 am by PurpleSkyz

» CDC: 1265 DEAD 25,212 Injuries Following Experimental COVID mRNA “Vaccines”
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptyYesterday at 10:14 am by PurpleSkyz

» Best of TS Caladan Video
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 11:54 pm by PurpleSkyz

» Gab’s Torba Looking Into ‘Buying Our Own Bank’ After 4th Bank Ban In 4 Weeks
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 6:38 pm by PurpleSkyz

» Bad-clown Rising - Spider Bytes
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 6:34 pm by PurpleSkyz

» If You Want to Understand Why 5000 National Guardsmen Are Still in DC, Read the Indictment of Oath Keepers Involved in the Capitol Riot
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 5:20 pm by PurpleSkyz

» UFO News ~ UFO Sighting in Bogota, Colombia plus MORE
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 2:55 pm by PurpleSkyz

» A Solar Wind Stream is Heading for Earth - Geomagnetic Storm Watch - March 6, 2021
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 2:43 pm by PurpleSkyz

» New warp drive patent has emerged online
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 11:57 am by PurpleSkyz

» Why Were Emergency Vehicles At The US Capitol Building Feb 2, 2021?
European Bank CEO Admits: "The Whole Thing Is Doomed" EmptySat Mar 06, 2021 11:52 am by PurpleSkyz




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GOVERNMENT & THE NEW WORLD ORDER » European Bank CEO Admits: "The Whole Thing Is Doomed"

European Bank CEO Admits: "The Whole Thing Is Doomed"

Go down  Message [Page 1 of 1]

ymoilman2


European Bank CEO Admits: "The Whole Thing Is Doomed"

Submitted by Tyler Durden on 02/18/2013 10:54 -0500

As the European parliament attempts to create a budget and Draghi repeats how the temporary lull in European growth is merely a prelude to a growth renaissance in the second half of the year (not to be confused with the verbatim lie rehashed by European dignitaries in 2012, 2011, 2010 and 2009), it appears a few leaks of truthiness are seeing daylight in the disunion. In a shockingly frank interview, the CEO of Saxo Bank describes the Euro's recent rally as illusory and that "the whole thing is doomed," as the continent is not supported by a fiscal union. As Bloomberg reports, Lars Seier Christensen says he would be a "seller of the EUR at anything near 1.40," noting that "right now we’re in one of those fake solutions where people think that the problem is contained or being addressed, which it isn’t at all." Confirming that the only thing holding the farce together is political not economic efforts, he sums the situation up perfectly: "people have been dramatically underestimating the problems."

Via Bloomberg,
Lars Seier Christensen, co-chief executive officer of Danish bank Saxo Bank A/S, said the euro’s recent rally is illusory and the shared currency is set to fail because the continent hasn’t supported it with a fiscal union.

“The whole thing is doomed,” Christensen said yesterday in an interview at the bank’s Dubai office. “Right now we’re in one of those fake solutions where people think that the problem is contained or being addressed, which it isn’t at all.”

...“I’d be a bigger seller of the euro at anything near 1.4,” according to Christensen, who said he isn’t making any speculative bets against the currency.

“Another possible fallout is getting rid of some of the countries that are being ruined by being in the euro, notably the southern European economies,” Christensen said. “People have been dramatically underestimating the problems the French are going to get from this. Once the French get into a full- scale crisis, it’s over. Even the Germans cannot pay for that one and probably will not.”
Record Debt

Public-sector debt is at record levels, having more than doubled from 40 percent of gross domestic product in 2008. The European Commission, which is due to update its forecasts this week, sees it rising to 97.1 percent of GDP next year.

“It’s the political world that has been extremely supportive of the euro, not for economic reasons but for political reasons,” said Christensen, a long-time critic of the single currency who now lives in Switzerland.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum