Markets Pricing in Endgame for The Euro, Warns UBS !

RIP: Rest In Pieces

• More debts are being created to bail out countries which are bankrupt. How can more debts solve a debt problem? It cannot! This is a SCAM. It is simply the shifting of privately held bankster debts onto the sheeple public. Eventually, it will all lead to a massive sovereign debt collapse (while the Illuminist banks are saved)!
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  Markets pricing in endgame for the euro, warns UBS! 
  By Garry White, http://www.telegraph.co.uk/ 
  Markets are “pricing in the endgame” for the euro as the situation moves faster than politicians can act, UBS has warned ahead of a key meeting between eurozone leaders and US President Barack Obama.
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  Mr Obama is hosting this year’s EU-US summit at the White House today, with the debt crisis at the top of the agenda. Attendees include European Council President Herman Van Rompuy and European Commission President José Manuel   Barroso. 
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  The meeting will be held amid Italian media reports that the International   Monetary Fund (IMF) is preparing a €600bn (£514bn) loan for Italy. This will give Mario Monti, the new Italian prime minister, breathing space to implement reforms before debt refinancing is needed, La Stampa reported. Speculation is also mounting that Spain may also need to apply to the IMF or the European Financial Stability Facility after its borrowing costs soared last week. 
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  Germany’s cost of borrowing has also jumped, with yields on 10-year bunds moving ahead of the more indebted countries of the UK, US and Japan.
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  “Financial markets continue to move faster than politicians,” Mansoor Mohi-uddin, head of foreign exchange strategy for UBS, said. “Fixed income investors are betting that either Germany moves towards a fiscal union with its eurozone partners or that, without the ECB willing to buy unlimited amounts of sovereign bonds in the secondary markets, the eurozone will break   apart.”
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  Should further integration of eurozone countries occur, then Germany’s finances will get worse, he said. “If [a closer union] involves fiscal transfers to shore up the single currency area then Germany’s fiscal position itself will deteriorate,” Mr Mohi-uddin said.
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  … for more click here!

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