Europe is in a much worse situation than the US - the ECB cannot sell their QE assets NOR raise interest rates without bankrupting massive borrowers like the Italian Gov. Watch Convicted Criminal Christine Lagarde Panic - Kotaku In Action 2

Europe is in a much worse situation than the US - the ECB cannot sell their QE assets NOR raise interest rates without bankrupting massive borrowers like the Italian Gov. Watch Convicted Criminal Christine Lagarde Panic (twitter.com)

posted 2 years ago by NotAGlowy 2 years ago by NotAGlowy +50 / -0

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– Lurker404 26 points 2 years ago +26 / -0

The Euro is going to shit.

Last year 1 EUR cost 1.2 USD. This year we'll likely hit parity where 1 EUR is only worth 1 USD.

And it ain't because the USD is doing so well.

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– PraiseBeToScience 11 points 2 years ago +11 / -0

Laughs in Brexit.

Btw I've been working with travel financing so I've seen the Euro shift. A fewontha ago the rate was like 0.88, the guys who just traveled it was 0.93.

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▲ 11 ▼

– Lurker404 11 points 2 years ago +11 / -0

Laughs in Brexit.

Oi bruv, you now have to turn yourself in at the nearest police station because you offended some foreign migrants by speaking positively about Brexit. Have fun in ~~prison~~ the Reeducation Centre.

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