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  1. #1
    loob lor geezer
    Bangyai's Avatar
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    Euro crisis could cause global markets to crash

    Markets around the world could crash by more than a third if Europe fails to resolve its debt crisis, Deutsche Bank analysts have warned.

    If Europe fails to resolve its debt crisis markets around the world could crash by more than a third. Photo: Reuters

    By Emma Rowley
    10:00AM BST 16 Jul 2011

    A disorderly end to the turmoil would "inevitably" lead to a global recession, crushing companies' profitability, they believe.

    "Global equities could lose up to 35pc of their value if the situation deteriorates into a full-blown financial crisis on the scale of the fallout from the collapse of Lehman Brothers in 2008," the analysts said in a note.

    Even in the "milder" scenario where the crisis does not spill over into the wider economy, would see markets fall by 12pc.

    The warning came as EU president Herman Van Rompuy said eurozone nations will hold a special summit in Brussels on Thursday over a second bail-out for Greece.

    The announcement came after the International Monetary Fund urged officials to act with a "greater sense of urgency".

    The flight from Italian and Spanish bonds in recent days has stoked fears that countries "too big to bail" could become embroiled.

    Division in the eurozone over to how to tackle its debt woes were thrown into sharp relief by statements from Germany's finance ministers on whether the shared currency is under threat.
    There is "no crisis of the euro", according to Germany's deputy finance minister, Joerg Asmussen, calling it "a crisis of public debt and competitiveness".
    Meanwhile Wolfgang Schaeuble, his finance minister, told a newspaper: "The crisis in confidence ... prompted by Greece is now endangering the euro as a whole."

    Euro crisis could cause global markets to crash - Telegraph

  2. #2
    loob lor geezer
    Bangyai's Avatar
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    Quote Originally Posted by Bangyai View Post

    There is "no crisis of the euro",


    "The crisis in confidence ... prompted by Greece is now endangering the euro as a whole."
    Yes mate, we get the picture

  3. #3
    Fresh Seaman CaptainNemo's Avatar
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    Every cloud has a silver lining...

    At last! Finally there's a chance to break free!
    So many years of being told how wrong we were to oppose the EU project.
    The German public seems to be waking up to smell the feta.

    With a little luck, this should split the continent north and south, between the useless, stroppy, languid economies of the Latin and Balkan regions, and the more diligent, disciplined productive economies of the Teutonic/Nordic regions.

    Hopefully we will see the reinvigoration of EFTA as a kind of modern-day Hanseatic trade-only arrangement between modern, efficient, and independent north-west european states, and leave all the southerners and easterners to their rioting and corruption.

    It's like one of those 70s disaster movies or older war films... the plot's always the same, you cut the rope, and leave the stragglers behind to die, otherwise they drag everyone into oblivion with them.

    F!ck Greece, f!ck the "Atlantic Tigers", and f!ck the Mediterranean doss-holes, we need proper capitalism and proper economies to take on China, and force them to adapt to standards of trade behaviour, property rights, and environmental policy.
    http://www.youtube.com/watch?v=H1F2i0rYMj8

    we are all figments of our own imagination.

  4. #4
    I am in Jail
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    Smile

    If there is no crisis why the endless drama downgrades and real losses
    Last edited by coonicker; 17-07-2011 at 03:36 AM.

  5. #5
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    i think you find, its crash--bang--fkin--wallop

  6. #6
    Fresh Seaman CaptainNemo's Avatar
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    No-one really knows what's going on, and no-one really cares until it's their redundancy looming on the horizon.

  7. #7
    Neo
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    Quote Originally Posted by CaptainNemo View Post
    No-one really knows what's going on, and no-one really cares until it's their redundancy looming on the horizon.
    Of course people know and of course people care.
    Put down the bong man.

  8. #8
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    Thumbs up

    Quote Originally Posted by CaptainNemo View Post
    At last! Finally there's a chance to break free!
    So many years of being told how wrong we were to oppose the EU project.
    The German public seems to be waking up to smell the feta.

    With a little luck, this should split the continent north and south, between the useless, stroppy, languid economies of the Latin and Balkan regions, and the more diligent, disciplined productive economies of the Teutonic/Nordic regions.

    Hopefully we will see the reinvigoration of EFTA as a kind of modern-day Hanseatic trade-only arrangement between modern, efficient, and independent north-west european states, and leave all the southerners and easterners to their rioting and corruption.

    It's like one of those 70s disaster movies or older war films... the plot's always the same, you cut the rope, and leave the stragglers behind to die, otherwise they drag everyone into oblivion with them.

    F!ck Greece, f!ck the "Atlantic Tigers", and f!ck the Mediterranean doss-holes, we need proper capitalism and proper economies to take on China, and force them to adapt to standards of trade behaviour, property rights, and environmental policy.
    I'd vote for you!

  9. #9
    I am in Jail
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    When half your pensions gone or its 30 baht to a pound folks will wake up

  10. #10
    Fresh Seaman CaptainNemo's Avatar
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    Quote Originally Posted by Neo View Post
    Quote Originally Posted by CaptainNemo View Post
    No-one really knows what's going on, and no-one really cares until it's their redundancy looming on the horizon.
    Of course people know and of course people care.
    Put down the bong man.
    I mean no-one can make any meaningful predictions about how it will pan out, and I don't think it does hit home until your own job situation feels under threat.

  11. #11
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    nothing like a good story for newspaper to sell

    as usual, the truth is a bit more complicated and not so interesting

    not to say the situation is not bad,

  12. #12
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    Ah yes " your jobs under threat".

    I remember that society wrecker thatcher, there was no jobs thanks to that capitalistic bitch.

    Still puttin things right after all the havoc and mayhem it was responsibe for.

    Talk about a lost generation, well just look at her legacy , the kids of the thatcher years.
    Some way to go yet for society to recover.

  13. #13
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    They bailed out the Greeks, and I
    didn't object - For I wasn't
    a German;
    They bailed out the Irish, and I
    didn't object - For I wasn't a German;
    They bailed out the Portuguese, and I
    didn't object - For I wasn't a German;
    They bailed out the Italians, and I didn't
    object - For I wasn't German;
    Then the Germans went broke -
    And there was no one left to pay up.


    With apologies to
    Martin Niemoller, German Protestant Pastor,
    I see fish. They are everywhere. They don't know they are fish.

  14. #14
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    If the markets crash by one third, as the OP article suggests, smart people will take the opportunity to buy; and show a 35%+ return when all the hype dies down....as it always does....

  15. #15
    Neo
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    Quote Originally Posted by Butterfly View Post
    as usual, the truth is a bit more complicated and not so interesting
    You mean you don't actually understand it, as usual.

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