Trader on the BBC says Eurozone Market will crash

This is the kind of bullshit you want to spew on TV to drive more traffic into your site; he's a low-life trader, not an economist.

he's telling the truth

yup...euro is going to burn bad by mid next year. Greece is done, Portugal and Spain are on their way, watch for Italy after that. Sux that the Germans will be dragged along w/this....

The Italian debt is high (120%), this is true. Even FIAT and FIOM (3000 passenger ships will be made in Japan) are in crisis. Even 12,000 people not being able to go back to work after the summer vacation is an indicator of an economic crisis. However, Italy is not Greece where the social clashes could provoke dissolution. Italy has consolidated banks because the law of (the dictator) Mussolini has not been removed and the banks are forbidden to cooperate with foreign banks (except for Unicredit Bank which is on its way to going bankrupt). The banks don't give high percentages to their customers. Moreover, Italy can add taxes and reap more revenue because it has the richest private society in Europe. This is without including the growth of the Italian economy and industry.

so the world ends in 2012 then?

......

just saw the video...the whole trading during volatile times bit is spot on, specially in options and shorting. The Euro will reach parity with the US dollar by next year...again didn't hear anything that'd I'd strongly disagree with.