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“Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Weber”

“Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Weber”

By Ambrose Evans-Pritchard.

I am not surprised that experts crush the jubilations of Barroso & co. There are simply too many parts in the puzzle that may go wrong, including asset/real estate bubbles, declining exports due to declining global demand (e.g. through the situation in China), banks that are not healthy, household debt that is too high…

 

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