EFTA01146897Set 9
2012-08-204p2,264w
euro breakup, the periphery countries will return to their local currency systems (peseta, lira,
drachma etc.). These currencies will likely trade significantly cheaper to the euro, which means that ... TARGET2 deficit automatically becomes a hard currency debt problem and a lot heavier in Peseta or
Lira terms, with an increasing likelihood of a partial default on the TARGET2 debt
https://www.justice.gov/epstein/files/DataSet%209/EFTA01146897.pdf
EFTA00937136Set 9
2012-06-1247p18,099w
property bubble in Spain. And if they still
had the drachma, the lira, the peseta, and the escudo, the weaker European
economies could simply devalue their way out of recession ... German banks for fear
that Spanish accounts will one day be converted back into pesetas.
This is a potentially explosive process. Already the centrifugal forces at
work have generated
https://www.justice.gov/epstein/files/DataSet%209/EFTA00937136.pdf
EFTA02720608Set 11
2012-06-1268p18,185w
property bubble in Spain. And if they still had the drachma, the
lira, the peseta, and the escudo, the weaker European economies
could simply devalue their way out of recession ... German banks for fear that Spanish
accounts will one day be converted back into pesetas.
This is a potentially explosive process. Already the centrifugal
forces at work have generated
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02720608.pdf