French bankers: The collapse of the euro is inevitable

Analysts are one of the pillars of French and European banking, Societe Generale, argued that "the collapse of the euro is inevitable", and any measures aimed at saving the Greek economy will play the role of short duration plaster bonding collapsing house of cards of the European Monetary Union.
In a memo aimed main investors Societe Generale, Bank strategist Albert Edwards wrote: "Personally, I think very little" help "may be invited to the nations - the members of the eurozone, except for temporary relief and measures aimed at raising the level of confidence. Any" help "Greece is now provided only a few delay the inevitable collapse of the euro zone."
Edwards remarks published immediately after EU leaders issued a statement in which he promised "an immediate and coordinated" aid the Greek public finances. Markets, due to the lack of specific sections describing the nature, condition and amount of such aid, promising leaders are not inspired, and exchange of chickens euro continues to fall, both in terms of dollar and pound. At the moment the euro against the dollar established at $ 1.35 per euro.
The greatest concern of economic analysts is not overripe Greek financial collapse, the lack of growth in the economy of Europe as a whole, and its locomotive - Germany - in particular. Economic growth in all countries of the eurozone in the last quarter of 2009 was 0.1%, Germany - 0%, which threatens the growth of stagnation and possible new economic crisis, which is comparable with the international financial collapse in 2008, the consequences of which the European economy is not recovered.
In the meantime. Ministry of Economy of Germany publishes the gloomy financial forecasts for 2010, complaining of an unusually severe winter and bad weather conditions.