Read online or download a free book: Euro: How Save To It
Publisher: Createspace (13 July 2011)
By: MR William Thayer (Author), Mrs Joan Boutselis (Illustrator)
Book format: pdf doc docx mobi djvu epub ibooks (*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.)
The Euro Crisis is a result of the likely default of Greece followed by Portugal and Ireland. The ECB says that Greece will not default. This may politically correct, but it is wrong. Greece will default as illustrated by my book. To cope with the Greek bailout, the ECB has set up a $1 Trillion bailout fund, but this will be inadequate. Default is not the only problem facing the Eurozone. A Greek Default will cause an interest rate spike which will cause $Trillions in losses in Derivatives, especially Interest Rate Swaps. This will swamp the Eurozone bailout fund. What should the ECB do? This book outlines a plan.
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