"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Saturday, January 04, 2014

THE EUROPEAN DEBT CRISIS IS FAR FROM OVER - IN FACT, THINGS ARE QUIETLY GETTING WORSE

The debt continues to rise in the debt-ridden countries, and the crisis can flare up again, economists warn. Slowly, the massive problems of sovereign debt in particular southern European countries slipped into the background. 
Paradoxically - the debt continues to grow across the board, and only the European Central Bank (ECB) promise of a giant safety net, investors still. 
The crisis is not resolved
The question is whether it is sufficient to keep the crisis at the door in 2014. "The European debt crisis has slipped into the background in relation to the financial markets awareness. This is not to say that the debt crisis is resolved," says principal analyst at BRF Kredit Mikkel Hoegh. 
A post too early 
The same rating gets in chief economist Jacob Graven at Sydbank. 
"It's a record too early to declare the crisis over. Looking at the underlying issues, they are still there. Has continued deficit in the public sector of all heavily indebted countries. Debt grows and is greater than at any other time, "he says.
I expect the ess to hit the fan before April 1st.


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