Berlusconi's idea: hookers, print euros, Germany GTFO

[trefoil]

Quote from syswizard:

"Winner-winner....."
From the movie "21" with Kevin Spacey.
Best movie on statistics ever.
All traders should watch it.

Thanks for the recommendation! I'll have to watch that.

 

[C6H12O6]

Ambrose Evans-Pritchard agrees: "There is no way to break the euro without trauma, but the least painful way would be for Germany to leave."
http://www.telegraph.co.uk/finance/...put-questions-to-Ambrose-Evans-Pritchard.html

 

[C6H12O6]

Quote from C6H12O6:

Ambrose Evans-Pritchard agrees: "There is no way to break the euro without trauma, but the least painful way would be for Germany to leave."
http://www.telegraph.co.uk/finance/...put-questions-to-Ambrose-Evans-Pritchard.html

"The Latin states could relaunch growth with a weaker euro, but still honour their euro contracts.

Germany would get the stronger currency it needs and wants. The German banks would take big haircut on its holdings of Club Med debt. Some would have to be nationalized. Tough luck.

The WRONG way to do it is to kick the South out of EMU There would be mass defaults, a total implosion of the EU banking system, and a global depression.

That is the current course at the moment."

 

[syswizard]

Quote from C6H12O6:

There would be mass defaults, a total implosion of the EU banking system, and a global depression.

What are the chances of this happening really ?