Euro Fracture: Europe’s Biggest Risk…

Now that a financial systemic collapse has been taken off the table with LTRO, it’s reform backlash/fatigue and political risk.   The AP writes this morning,

Instead of a beacon for a better future, many Europeans are starting to see the EU as a death knell, one that is suffocating them with austerity instead of supporting them with job-boosting measures.

Expect more growth agenda rhetoric and use of monetary policy measures.  Monitor carefully.

(click here if video is not observable)

This entry was posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk and tagged , , , . Bookmark the permalink.

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