Posts Tagged ‘PIIGS’

No Way to Hold Eurozone Together

Posted by Jeff Rubin on December 7th, 2011 under SmallerWorldTags: , ,  • 9 Comments

Will the PIIGS sink the euro or will the European monetary union jettison the PIIGS? As the stakes get ever higher, we are rapidly approaching the end game for the European debt crisis. With the spectre of default now hovering over major European economies such as Italy and Spain, the potential liability for German and French [...]


Is Gold A Safe Haven from a Greek Default?

Posted by Jeff Rubin on September 21st, 2011 under SmallerWorldTags: , ,  • 10 Comments

When virtually every global financial institution is exposed to one other in today’s world of free flowing capital markets, where do you hide when bankrupt borrowers like Greece default? Certainly not in French banks, which have lost almost half of their share value over the past year due to their Greek exposure. And if French [...]