Sanctions biting more to Europe than Iran?
Can Europe Withstand United or America wanted to destroy EU and Euro, the only Challenge to Dollar as reserve currency?
Today oil is @120 USD a barrel, Iran has announced it will stop oil exports to six European countries which includes Greece, Italy, Portugal, Spain ........ all of these countries facing sever financial crisis, Greece is very - very close to default, it may or may not but market is already rattled and will have long term pain.
This may not be enough
Moody is American Company
By Ian Chua and Soyoung Kim(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
This may not be enough for Greece ......... where pain is more
Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures.Italy and the Netherlands both saw their economies shrink by 0.7% in the fourth quarter, the second consecutive quarter of economic contraction.
Germany had its first negative quarter since 2009 with a decline of 0.2%, compared with the previous quarter.
This may not be enough ..... Nature is also against them ------- Cold Wave
Is there any body willing to give Greece Oil and Gas at Concessions when their own partners does not trust it.
This will take ............ a big toll on Europe.......... and Greece ....... Italy and Portugal.
There is no hope than Syria, Yemen and Libya can produce to normal strength. These are loss production. This may not be enough but Japan need more and oil and gas to fulfill its energy needs when its nuclear energy infrastructure is tattered. There is respite in oil Prices........ it can go up..........
Can Europe Survive?