European House of Cards – When Does it Come Crashing Down?

The EU leadership is attempting to minimize the importance and the explosive result of BREXIT. While the leaders merely yell ‘You will still regret it’, the disintegration of the EU has already begun and they are clueless as to what is really at stake. While many just focus of trade, the entanglement is far more complex than just trade. The banking system, clearing, and the implementation of bank-bail-in provisions place at risk the entire European banking system.

This post was published at Armstrong Economics on Jan 30, 2017.