![\"\"](\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/12\/EWI-EuroDebtCrisis-Large-150x150.gif\" "\\"EWI-EuroDebtCrisis-Large\\"")
<\/a>Barely a decade later, the once-celebrated EU and its currency are facing collapse. In November 2011, EWI observed that its \u201cpageant of concession and agreement focuses (now) on rescue and preservation rather than expansion.\u201d<\/p>\nEWI’s analysts have been anticipating and tracking the credit contagion across the European nations for the past two years. Back in December 2009, EWI analyst Brian Whitmer warned that a set of troubling events across Europe were signaling that the entire continent was on edge.<\/p>\n
In April 2011, Whitmer wrote:<\/p>\n
Back in February 2010, we<\/em> stated, “Greece’s woes aren’t over and neither are its neighbors.” Four months later, as nearly every country in Europe said they would avoid a “Greek-like fate,” the June 2010 issue added, “The only thing separating these countries from Greece is the fragile confidence that they are, indeed, distinct.”<\/p><\/blockquote>\n
Will the Central Bank coordination bolster confidence enough to turn around the economies of the world? Or is this just another hopeful attempt that will provide nothing more than a short-term fix?<\/p>\n
You owe it to yourself and your investments to find out. Remember, even if you believe you’re not directly invested in Europe, there’s a very good chance that some of the companies in your portfolio are — possibly even your money market funds.<\/p>\n
Gain a valuable perspective on the European debt crisis and get ahead of what is yet to come in this free report from Elliott Wave International.<\/p>\n