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FIEE - The Eurozone Civil War Has Several Bay Of PIGS Moments
UBS AG FI Enhanced Europe 50 ETN due February 12 2026
(Source: YouTube, caption and editing by the Author)
Stepping back from the action, one can discern a civil war breaking out in the Eurozone; as it marches on from a confederacy of nation states to one unified nation. The struggle is becoming much more bitter and impassioned. The ECB and Mario Draghi are playing much more than just cameo roles. As usual, in fighting the last war, the ECB is losing the next one. It does however understand that this funny thing called NIRP is the center of gravity of the conflict. Unfortunately, on