“Eric, this has been a nightmare scenario. Cyprus was really a shot across the bow. It’s still not clear that there won’t be some residual damage. What’s to prevent the Spanish from waking up one morning and saying, ‘Given the recent data they may decide to seize our bank deposits.’
Then the game is over. You would be looking at a situation at a black hole that would need to be filled in the Spanish banking system, and that would lead to chaos…
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.