Home > Economic Disasters of 2011-2012, European Economic Crisis of 2010-2011 > Euro Isn’t Sustainable Say Experts | Britain Likely to Go Into a Depression

Euro Isn’t Sustainable Say Experts | Britain Likely to Go Into a Depression


Britain’s GDP growth. Source: ONS

Definition of ‘Liquidity’

1. The degree to which an asset or security can be bought or sold in the market without affecting the asset’s price. Liquidity is characterized by a high level of trading activity. Assets that can be easily bought or sold, are known as liquid assets.

2. The ability to convert an asset to cash quickly. Also known as “marketability”. – From Investopedia

BlueCrest’s Platt Says European Banks Insolvent Amid Crisis – Transcript | Video

Ambrose Evans-Pritchard: euro is ‘unsaveable’
Telegraph columnist Ambrose Evans-Pritchard tells Robert Miller why the single currency cannot work in its current form, and what he believes will happen to the eurozone next. – Audio

Disbanding The Euro – A Worst-Case Scenario

Only time will tell if we are past the worst of the debt crisis in Europe, or simply enjoying a calm amidst the storm. In either case, the crisis in Greece and the fears of its spread into Spain, Italy and Portugal have led many financial analysts and commentators to seriously consider what had once been mostly the domain of crackpots – the notion that the euro could collapse and vanish altogether.This is no small matter. Of the 10 largest economies in the world, four use the euro as their currency. Roughly 330 million Europeans use the euro every day, while nearly 200 million people use currencies that are pegged to the euro (many of them in Africa). It is also the second most-used currency as a reserve currency, with roughly one-quarter of the world’s reserves held in euros. – More here

Economy watch: Is Britain heading back into recession?
By Andrew Oxlade
Last updated at 7:26 PM on 21st December 2011

With 2011 drawing to a close – and a year of feeble recovery for the economy – experts are queuing up to warn that the UK may see a return to recession in early 2012.

Two well regarded bodies have issued worrying recent forecasts: The Organisation of Economic Cooperation & Development (OECD) and the National Institute of Economic & Social Research (NIESR).

The NIESR estimates a 70% risk of a double-dip recession (3 November) while the OECD predicts recession for the first-half of the year (28 November). – More here

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