According to Hayman Advisors the Eurozone is in front of colapse
From Hayman Advisors, a company that managed to win 500 million dollars, pledging to collapse in the secondary mortgage market in the U.S., announced that the European Monetary Union is about to collapse, said Bloomberg. According to Hovard Richard, managing director for global markets of Hayman based in Dallas, said that in Germany will probably finance the restoration of its economy than to help countries such as Austria, Italy and Spain, if their banks are not in difficulty as a result of bad debts. Thus Hayman joins other investors who see opportunity serious monetary union whose total gross product is estimated at over 12 trillion dollars, being unable to pass through the crisis.
Last week by Societe Generale analysts also claimed that managers weaken German economy, which is the largest in Europe will refuse to save the other member countries of the euro as this have an impact and the upcoming elections in the country. At the same time, European banks lending to Eastern Europe have exceeded 1.3 trillion dollars in the third quarter of last year, which is about 9 percent of EU GDP, according to data published by the ING Group of February 18. Irish banks' debts are 11 times greater than the GDP of the country, Dutch - 7 times, and the Belgian 4 times greater.
Labels: Business News, Financial News
posted by Zoritza Petrova @ 11:48 AM
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