Spain is toast. That's the solid opinion of a billionaire global investor I know with whom I met privately in Paris last weekend. The only European countries left standing financially when Spain and thus the EU-Euro enterprise goes under are Germany, Denmark, and Holland - plus non-eurozone countries like Norway and of course Switzerland. There's a chance Italy might barely squeak through, but likely not the UK, and France is broke.
We'll always have Paris, and Europe too - but the EU-Euro game is soon to be over.
Oh - and my billionaire friend (whose $20B private equity fund is averaging 68% returns, so he knows what he's doing) won't touch investing in China with a 20-foot pole...
Friday, May 06, 2011
Like toast?
Under the radar:
Labels:
Denmark,
Euro,
Europe,
European Union,
financial crisis,
France,
Germany,
Greece,
Holland,
investors,
Norway,
Spain,
Switzerland,
U.K.
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