from Silver Vigilante:
Remember when Lord Blankfein said his firm was “doing God’s work”? Well, here comes some more of that. Deutsche Bank’s global head of FX strategy, Bilal Hafeez, spoke as the annual Deutsche Bank Mittelstand FX conference in Hamburg, Germany, where he focused on the euro zone’s economics woes and the need for the currency bloc to move forward with further integration in order to be economically sound. Hafeez begin his speech with some thoughts on parenting and a child’s years as a “terrible teen.” He argues that the European Union has entered into its “terrible teens.” Born in 1999, the Euro Zone is currently fourteen years old.
It’s internal conflicts and suspicion of authority are the hallmark of a teenager. Hafeez suggests that the “Fathers” can get the Euro-Area back in line; that is, Germany and France, which of course the rest of Europe will despise hearing.