European Financial System is ‘Nearing a Grand Catastrophe’
[youtube=https://www.youtube.com/watch?v=HCHRi5NX5W0] European Financial System is ‘Nearing a Grand Catastrophe’ by http://sputniknews.com/ The cheap money policy of the European Central Bank creates risk for the entire European financial system, a German economist said. – The European Central Bank purchased €85.1 billion ($94.8 billion) of debt in June as it increased its asset-purchase program, Bloomberg reported. The asset-purchase program is part of the …