21 NovemberCredit Suisse Goes For Broke: Predicts End Of Euro,...

21 November

Credit Suisse Goes For Broke: Predicts End Of Euro, Escalating Bank Runs On "Strongest European Banks"


The “Last Days” of the Euro



We seem to have entered the last days of the euro as we currently know it. That doesn’t make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen – probably by mid-January – to prevent the progressive closure of all the euro zone sovereign bond markets, potentially accompanied by escalating runs on even the strongest banks.



http://www.zerohedge.com/news/credit-suisse-goes-broke-predicts-end-euro-escalating-bank-runs-strongest-european-banks