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Satori Group: Europe’s Debt Set To Return.

Todays Date: January 18, 2019

“Satori Group”: Europe’s debt problems are set to return to the fore once Fed QE is announced.

Clients of investment boutique “Satori Group” have reportedly been told to step up their efforts to divest themselves of cash holdings denominated in both the euro and the British pound after concerns about the ability of governments to adhere to the fiscal discipline demanded by far-reaching austerity measures.

David White, head of Institutional Trading at “Satori Group”, told the firm’s corporate clients that escalating civil unrest in some of Europe’s fringe states could force governments to loosen their grip on public spending and, thereby, making it particularly difficult for them to deliver on their austerity promises to sovereign bondholders.

“Ireland has been hit particularly hard having spent billions of euros bailing out its banking system, Greece’s tax revenues are falling short of targets set as part of its deal with the EU/IMF bailout and there is much debate about whether the British government will be able to avoid another round of quantitative easing which would almost certainly bury sterling”, said Mr. White

The problems facing Europe are magnified by their inability to devalue their currencies or pursue the monetary stimulus policies deployed by the US, UK and Japan. “Satori Group” advised that precious metals and commodity currencies like the Australian and Canadian dollar would serve as assets more likely to preserve value than the euro or the pound.

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