Forget Greece; it's Portugal that'll destroy euro
52045 MaxProfit 25/1 2012 15:11
It is a long-time since Portugal played a decisive role in world history. The Treaty of Tordesillas, which divided the non-European world up between Spain and Portugal in 1494, was probably its last major contribution, and even that did not end very happily.
But 2012 could be the year Portugal explodes onto the world stage again. How? By blowing up the Euro EURUSD -0.72% .
Greece is already bust - and its default is already priced into the market. But Portugal is in precisely the same position, just on a longer fuse. It too is sliding toward an inevitable default on its debts - and when it does so, it will deliver a terminal political blow to the single currency, and inflict damage on the European banking system that may well prove catastrophic.
http://www.marketwatch.com/story/forget-greece-its-po..
25/1 2012 18:10 TeamGarlic 0
52057 Og hvad så med Irland, Italien og Frankrig i sidste ende ? Det er svært at anslå virkningerne, da man ikke kender omfanget af CDS'er i de europæiske banker. Østrigske har det ikke for godt pga Ungarn. Hvor store ulykker er priset ind ?
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