Steve Jacobson, Chief Economist of the Saxo Bank, said that the latest EU summit had started the final stage in resolving the euro zone fate. It will either be devaluated or reconstructed in 2012, he says, ABC.az reports.
The economist pointed out Germany and its regional problems. German bonds have income increased by 25 points in the last 10 years, compared with the bonds of Denmark, UK or Sweden.
Stratfor (US) says that the there is 90% chance for collapse of the euro zone in the next 12 months.
Geopolitical centers would be changed. Southern European states will stick to Turkey, Northern and Central European states would cooperate with Russia, Stratfor believes.
