Thursday, November 15, 2012

The Crack-Up of the Eurozone Detailed in One Chart

Keep in mind that Greece is in such bad shape that it didn't even make this chart. Only Germany of the EZ Big 5 is showing positive industrial production over the last 7 plus years.

Germany will not be able to bail everyone else out. It comes down to European Central Bank money printing which will result in a devalued euro, making the debt easier to payoff in the cheaper euros, or it is collapse of the EZ>

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