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world financial system was near collapse in May!

That you learn more after the first: While Angela Merkel just the end of the crisis announced , draws an analysis of the ECB has a very different picture: The world financial system was in early May just before the Apocalypse . With the bonds, interbank, stocks and currency markets have threatened the four pillars of global economic collapse, says the report.

Worse than the Lehman crash

The situation is more serious than it was at the Lehman crash in 2008. The dangerous situation was the reason why the ECB broke their own rules and Greece through the acquisition of've already saved to junk status downed government bonds to collapse.

The report is the usually the most wonderful speeches specialized ECB unusually dramatic. Concern was primarily "the speed with which capsized the mood" and the looming collapse of "two or more major banks in the euro area" and the lack of confidence in Interbank market.

danger only postponed

Eliminates the danger of it, either in Europe or the U.S. - aid packages and state aid after all, is anything but sustainable measures. Large investors Soros called for even quite in contrast to the optimism of our Chancellor, the second phase of the crisis: "The collapse of the financial system is real and far from over, we are ... read more