Wednesday 13 July 2016

Is Another European Banking Crisis Imminent?

https://www.thetrumpet.com/article/14044.18.0.0/economy/euro/is-another-european-banking-crisis-imminent















After the Greek crisis, Trumpet editor in chief Gerald Flurry wrote, “The crisis in Greece is a forerunner of a whole rash of similar crises set to soon break out across Europe. They will provide the catalyst for the EU’s leading nation, Germany, to rise to the fore with solutions of its own making.”
Europe has been very successful at kicking the can down the road. It has avoided making the painful decisions that are necessary to come up with proper solutions. Both of these crises are so big that it seems hard to see how Europe could avoid making radical changes should these crises hit.
For more on what this change could look like, read Mr. Flurry’s article “Did the Holy Roman Empire Plan the Greek Crisis?

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