Euro crisis threatens Financial Armageddon III

Christopher Laird : Rapidly escalating Euro crisis threatens Financial Armageddon III
In Fall/Winter 2007, then a year later in Fall 2008, the general bank crisis spreading first in US banks with the Bear Sterns and Lehman failures led to two almost total world bank collapses.

Now the world faces the 3rd challenge in the form of the EU bond crisis.

The 1.2 trillion Euro rescue package during the Greek crisis isn't working, & EU pledge of $110 billion aid for Ireland has litlle effect.

With the Euro breaking down, France & Germany are in a quandary over what to do. If they agree to more bailouts, investors barely yawn. Then the selling begins anew.
If the EU decision makers, including Germany especially, don’t do more bailouts, and try to get investors to take losses, then the bond markets will dump the troubled countries’ bonds. Germany & France and the EU proponents are in an impossible situation.

What is that situation and how bad is it for the Euro?

Markets are now facing their worst sovereign debt crisis, centered in the EU, since WW2. The IMF and other authorities are saying they are facing many of the same bank and credit collapse situations they faced in the 1930s - a banking and solvency crisis.