As global markets are in panic over the destiny of the eurozone, which is escalated by mass media, more investors wonder what is really happening and how real those doomsday scenarios are.
Eurozone Integrity – Europe’s Primary Goal
Lots of experts have provided multiple scenarios for the eurozone crisis over the recent months. Mario Draghi seems to have calmed investors down a bit by saying that the ECB and the EU are determined to do their best to safe the common Euro currency and to preserve the integrity of the eurozone, up to financial injections running into billions as well as currency interventions.
According to Eugene Olkhovsky, ’s leading expert, analysts and economist are divided over the destiny of the eurozone.
In particular, Mario Draghi, President of the CB says he sees light at the end of the tunnel of the eurozone crisis.
At the same time, Robert Zoellick, President of the World Bank, warns that quantitative easing won’t help the eurozone to solve its financial problems, this is a temporary solution but it won’t help the currency union to resolve the fundamental problems that have caused the crisis.
Jean-Claude Juncker, President of the Euro Group, confirmed the info that the EU and the ECB are getting ready for a joint intervention in the currency market. Meanwhile, the central banks of eurozone members are now studying the chances of carrying extra losses if the Greek debt is liquidated.
Jim O'Neill, Chairman of Goldman Sachs Asset Management, assumes that Spain may become the locomotive of a eurozone collapse.
The IMF called for creating a financial and banking union within the eurozone, thus saying that the crisis has reached its climax.
The coalition government of Greece strives to receive a bridge loan in order to settle the budget deficit issue and to cut the public spending by 11.7 bn euro in order to calm down international lenders.
According to Roboforex, the ECB will work out a mechanism for a direct intervention in the market of bonds.
Experts: Further Decline Of Euro - Financial “End Of the World”
More and more experts start saying that the financial “end of the world” is near.
According to , the current stereotype is that the bearish direction is the major one for all markets, especially for stock markets. However, December 2012 may well become some kind of a “pivot point” when the stereotype will be broken. In this case, traders and investors will have to reconsider their approach towards capital markets as the conventional ways of analyzing and trading those markets will most likely become inefficient.
The SRP Department of , managed to calculate that the time of the probable financial apocalypse, which (if any) will match the popular doomsday scenario for late December 2012.
Market Leader and would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
In your opinion, what will happen to the eurozone and its currency in the near future?
