Niall Ferguson: Eurozone headed for massive collapse

by The Right Scoop:

Niall Ferguson says there is a lack of political will in the EU to deal with the debt crises of its countries and that this complacency will likely lead to a crash later this year, similar to the one that occurred in 2008 in the US.

Note: When you hear Ferguson refer to the acronym PIGS, it stands for Portugal, Italy, Greece, Spain. The acronym PIIGS includes the addition of Ireland.

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