Arno Wellens: New EURO credit CRISIS is looming [Part 1/2]

Is the Eurozone heading toward a new credit crisis? In this first part, Arno Wellens points on the structural fragilities inside the eurozone that are pushing Europe toward another systemic crisis. We discuss why France and Italy are trapped in a debt spiral, how the ECB is forced to repress interest rates despite persistent inflation, and why financial markets are starting to price sovereign risk again, even as central banks intervene. At the core of the problem lies a dangerous combination of: • Chronic budget deficits • Demographic collapse and unfunded pension liabilities • Artificially suppressed bond spreads • An ECB running out of effective policy tools As interest rates fall but bond yields refuse to cooperate, the credibility of monetary policy itself is coming into question. The result is growing capital flight, rising political tension inside the eurozone, and a narrowing set of options for policymakers. 🏆 GET ONE FREE GRAM OF GOLD by opening an account at GoldRepublic: 👉 ⁠https://landing.goldrepublic.com/affiliates/macroscopic⁠ 📲 Download the GoldRepublic app: - Google Play: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://play.google.com/store/apps/details?id=com.goldrepublic⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Apple Store: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://apps.apple.com/nl/app/goldrepublic/id475643876⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🟠 Buy and store physical allocated gold, silver and platinum. 👉 Open an account: ⁠https://bit.ly/38stf7p ⁠ ⚠️ DISCLAIMER ⚠️ The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of any entities they represent. The information provided in this video statement is not an offer, investment advice, or financial service. It is also not intended to encourage you to buy or sell a product or to purchase a service from GoldRepublic, nor as a basis for an investment decision. A decision to invest in a GoldRepublic product can and may only be based on the information contained in a final prospectus and any Key Investor Information and other information about the product concerned (such as annual or semi-annual results). This information is available on the website (www.goldrepublic.com). If necessary, call in an advisor.