“Eurozone Will Collapse” Says Former Head of Bank of England: “It’s Real Hell”

by Mike ‘Mish’ Shedlock
Mish Talk

Mervyn King, former head of the Bank of England, has written a book that explains why the Eurozone will collapse. His logic is nearly the same as I have stated many times: There’s simply too much debt in the system coupled with no political will by Germany to get involved in a transfer union.

Please consider Former BoE chief King predicts collapse of the eurozone.

Mervyn King, the former governor of the Bank of England, predicts the collapse of the eurozone in a book published this week, going further than his well-known private scepticism for the European single currency.

In extracts from The end of alchemy: banking, the global economy and the future of money, he says the burden of debts between nations in the eurozone “may become too great to remain consistent with political stability”.

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