Euro Crash of 2014 - 15
4,834 views · Published 8 March 2012 · 2:09 · Indexed 4 November 2026
Channel: Possumkicker · 2012 · News & Politics
Nobody wants to loan money to financially troubled nations in the EU and virtually nobody wants to lend money to major European banks. The primary reasons for the financial crisis of 2008 was a major credit crunch that happened here in the United States. This burgeoning credit crunch in Europe is just one element of a "perfect storm" that is rapidly coming together as we get ready for a crash. The signs of trouble are everywhere. All over Europe, governments are implementing austerity measures and dramatically cutting back on spending. European banks are substantially cutting back on lending as they seek to meet new capital requirements that are being imposed upon them. Meanwhile, bond yields are going through the roof all over Europe as investors lose confidence and demand much higher returns for investing in European debt.
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