Barron’s Roundtable member Felix Zulauf spoke to the German-language Handelsblatt about the European sovereign debt crisis and financial markets in an article published today. Like Jeremy Grantham, he has turned bearish. Credit Writedowns has translated that article.
Title: Italy is Next
The euro will break apart. At least that is what stock market Guru Felix Zulauf expects. Handelsblatt spoke to the Swiss investment banker about his expectations for the stock market.
Frankfurt. Mr. Zulauf, you were always a big critic of the euro. How is the crisis going?
Felix Zulauf: Debt problems are never solved by more debt. In Greece, an epic drama is playing out. The Greeks are broke. The Irish are too.and the Portuguese are close.
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