More Like Europe

Where a French bank is warning that the collapse of the Euro is inevitable?

The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday.

Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide ‘sticking plasters’ to cover the deep- seated flaws in the eurozone bloc.

The stark warning came as the euro slipped further on the currency markets and dire growth figures raised the prospect of a ‘double-dip’ recession in the embattled zone.

Claims that the euro could be headed for total collapse are particularly striking when they come from one of the oldest and largest banks in France – a core founder-member.

The European socialist model is failing rapidly, so our “elites” in Washington want to jump on that bandwagon and make the US more like Europe.

Gee, what a great plan.

The difference right now is that as weakened as we are right now by the economic crisis and blundering Obama economic policies that are further damaging us, Europe can dump the Euro and buy Dollars.

What are they going to do when we join them in the collapse? Where do you run when it all falls apart?

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3 Responses to More Like Europe

  1. Tom says:

    The problem that I see is that people and politicians have been conditioned over the past 20 or so years is that foreign ideas are better than anything that we can develop. Foreign good, domestic bad – sort of like cars. And it’s going to come back and bite us – hard!

  2. LYNNDH says:

    If Eruo countries have a doubledip recession, does that mean automatically we will too?

  3. feeblemind says:

    In the long run, none of the fiat currencies look like a good bet. I fear that terrible times lie ahead and that it is too late to right the ship.

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