Unpayable debts and an existential EU financial crisis – Is the break-up of the euro now inevitable?
The Break-Up issues are real. Not wholly convinced by the impact on city of London activity. To put it another way, when markets unload there have to be brokers. That means winners as well as losers. At the moment the EU is a confidence trick waiting to be exposed. While there is political buy in, vested Franco-German interests will stop it going down… but the bill will get bigger. The childish attitude of “let’s punish Brexit” will be a magnet for tit for tat Gloom and Doom scenarios. Except in this case the Gloom and Doom is a real risk.