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Still Deleveraging - Churchill Management Group

Posted by Seton McAndrews | CFP®, Vice President Investments
June 20, 2012

"As it has for the past several years, the crisis in Europe continues to dominate the World Press.  It continues to be a ping pong match of bad news followed by hope followed by bad news and so on.  As we have stated, we believe the real crisis is not that the banks in Europe are going to go bust, but rather that Europe will become a "house divided" and the European Union will fail.  It appears Central Banks and Eurozone countries have ample funds to save the failing Euro banks, but it also appears likely the end result of this crisis will be the European Union of Countries falling apart as they find it impossible to come to a mutual agreement."

Churchill Management Group