15 Nov '11, 6pm

How I think the European Crisis will be played out....

I've been watching the doom and gloom predictions of pundits on TV quite closely. These dire predictions include that of a 'Lehman moment' for the current crisis that describes a sudden catastrophic financial failure of a country or a major bank with reverberations reaching to every corner of the financial world. I also hear talking heads criticising Europe for the lack of leadership in particular the Germans (Angela Merkel) for failing to quickly defuse the crisis. My view of things are rather different. I actually believe the German leadership knows exactly what it is doing and is getting what it wants from everybody. ...let me explain....Lets start with a few questions and answers... Which is the most indebted developed nation in the world? The answer is not Greece but Japan. In fact Japan has double the debt to GDP compared with Greece How come Japan is not in crisis l...

Full article: http://singaporemind.blogspot.com/2011/11/how-i-think-eur...

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