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Germany Is Crashing The Euro As Europe’s Economy Goes Into Meltdown

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. Express.co.uk reports: Under the proposed scheme, investors who hold Eurozone government-issued debts through bonds would have to accept write-offs on the value of their investment before the group steps in to offer bailout cash. Professor Bofinger believes the move could cause a “bond crisis” where investors dump debts in countries such as Italy, Spain and Portugal, for fears that they could have to accept the write downs, sending the cost of borrowing sky-high. He told the Telegraph: “It is the fastest way to break up the eurozone. “A speculative attack could come very fast. If I were a politician in Italy and I was confronted by this sort of insolvency risk I would want to go back to my own currency as fast as possible, because that is the only way to avoid going bankrupt.” The [...]