08-05-2013, 15:57
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#1407
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Trollsplatter
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 38,265
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Re: Eurozone will collapse...
Quote:
The eurozone's financial sector will “drown” in “self-defeating” regulation, which will eventually "destroy" the healthy banks, as the single-currency bloc breaks apart, says the boss of Denmark’s Saxo Bank.
Lars Seier Christensen, chief executive of Saxo Bank, said it was clear that the eurozone would eventually break up as Brussels claimed even more power and used it “ever more poorly”.
The break-up of the 17-nation bloc could take shape in several forms, Mr Christensen said, including the weaker countries leaving, which he believes could be done for cheaper than the current and future bailouts.
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http://www.telegraph.co.uk/finance/f...Saxo-bank.html
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