Economic professor Huelsmann warns debt crisis might turn into hyperinflation

Guido Huelsmann, professor for economics at the University of Angers, France, is convinced that the Euro will lose greatly on his value through and this will finally lead to the break-up of the common currency in the Euro zone.

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Guido Huelsmann, professor for economics at the University of Angers, France, is convinced that the Euro will lose greatly on his value through and this will finally lead to the break-up of the common currency in the Euro zone. In his view, the debt crisis in Europe has reached a level where it cannot be resolved with other instruments than by printing money as already started by the ECB.

Hence Huelsman expects Europe to end up in a hyperinflation and the need for a currency reform. This may create a bit of time of ease, but if no structural reforms are being made Europe might end up in poverty, corruption and civil unrest.

The current crises will also have great impact on the societies in Europe. In future the citizens will receive less social benefits as the welfare state is about to collapse. Huelsmann believes because of the current dramatic financial situation countries will shift the financial burden on their own citizens. Expenses will be lowered in areas such as healthcare and social security. Further he foresees that land ownership will become an attractive investment opportunity for public funds in order to avoid losses on their investors.

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