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Eurozone nominal GDP is even lower than it was before the Lehman crisis.
The Eurozone’s largest banks are over-leveraged, and their share prices question their survival.
We should consider the political and economic consequences of a collapse of the Eurosystem.
The financial position of highly indebted Eurozone members will become rapidly untenable and the very existence of the euro, the glue that holds it all together, will be threatened.