Friday, December 26, 2008

Germany will probably cause Europe to collapse

An article in the NY Times from Paul Krugman talking about Germany and its crass response to the severe recession Europe is facing. The problem for the rest of Europe is that lots of countries share the same currencies and trade quite a bit with each other. This is the day I think many - including England - have been waiting for when they refused to adopt the Euro and stay with their own currency despite being in the European Union.

This doesn't bode well for Europe and bolsters my short call.

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