Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

THINK TANK: 2012 Is The Beginning Of The End For The Euro

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Sam Ro
Business Insider
January 2, 2012

The euro just celebrated its 10th birthday.

But that birthday celebration came with little fanfare as the currency bloc continues to struggle to work out its debt debacle.

The Centre for Economics and Business Research (CEBR), a leading think tank, thinks there’s a 99% chance the euro will be no more within 10 years, reports The Telegraph‘s Rachel Cooper.

“It now looks as though 2012 will be the year when the euro starts to break up,” the CEBR said.

The think tank added that Britain could well be in recession already, with growth likely to contract in the final quarter of 2011 and the first quarter of 2012.

The CEBR believes both Greece and Italy will leave the euro.  However, this could be a relatively slow, drawn out process.  They only see a a 60% chance that a country leaves the euro by the end of the year.

“It’s become clearer in the last year of the virtual political impossibility of doing the deal that would be necessary to make the euro survive,” said [Douglas McWilliams, the CEBR's CEO].

  • A d v e r t i s e m e n t

“To make the euro survive in the longer term, it needs countries to be sufficiently competitive to have some economic growth to be able to pay off their debts”.

But, the CEBR has little faith that will happen.

Read more at The Telegraph >

This article was posted: Monday, January 2, 2012 at 9:17 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Al Sharpton: Mob Rat For The FBI See the rest on the Alex Jones YouTube channel.

Epic Fail: New Yorkers Disobey New Gun Laws See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.