mick - imo you're barking up the wrong tree. You're assuming money printing, hyperinflation scenario, which took down the Dmark.
Yoy have to look inward to the major players, especially Italy. Italian banks are all but bankrupt. The ESM won't be big enough to bail them out. Other EU countries won't be able to afford to give assistant. The ECB can't afford it either, elections next year in Italy, and increasing calls for the lira back.....the writing is on the wall.
The minnow countries are irrelevant in all this, their leeching the big players. Germany has its own banking problems with disgruntled people wanting the Mark back. Eventually the DEBT will take down a Sovereign. Greece hasn't gone away. The world has reached the point where we have to save ours, and all this crap "it won't be allowed to happen" - will be just talk.
Bail ins will be the new normal, theirs too many rotten banks with in Europe. This is how the Euro will bite the dust. Europe will begin to fragment.
A man was telling his neighbour, 'I just bought a new hearing aid. It cost me four thousand pounds as it's state of the art. It's perfect.' 'Really,' answered the neighbour. 'What kind is it?' 'Twelve thirty.'
mick-b Yes its true you did say major countries. On the EU thing I read just now no 10 is more or less conceding there will be a vote on article 50 coming from the court case (I think I understood that right).
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