Europe is headed for debt crisis, market veteran warns

Europe is headed for debt crisis, market veteran warns

Swiss hedge fund manager Felix Zulauf says that the stock market could fall by a further 20%. He also fears a serious European debt crisis and state bankruptcies.

While the threat of war hangs over Europe, Brussels and Berlin are quietly tinkering with something at least as drastic: a historic debt injection of 800 billion euros for a European defense offensive. For the Netherlands, this plan risks ending in a financial sell-off and ceding sovereignty. Because behind the roaring terms such as “ReArm Europe” and “strategic autonomy”, there is only one thing: a creeping march towards a federal Europe where …