Germany’s policies in Europe could spark the Eurozone to collapse, as government debt and bailout regulations put the euro and those countries who use it on the brink of a total economic meltdown. A special advisor to the German government, Professor Peter Bofinger, has predicted that Spain and Italy will be forced to leave the euro in the immediate future because of Germany’s new rules.
Stocks are up - just ignore everything else... "all is well"
One of these things is not like the other... Stocks were panic-bought once Europe closed but Crude, Credit, and Carry crumbled...
When last we checked in on Norway, we outlined what we called the country’s “currency conundrum.”
Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by value, but provides the best alternative to Europe's tax on money known as NIRP.
That also explains why Mario Draghi is so intent on eradicating it first, then the €200 bill, then the €100 bill, and so on.