“Europocalypse” (Euro/Europe + apocalypse) means the financial collapse of Europe, especially the countries using the euro as the official currency. “Europocalypse” has been cited in print since at least 2005, but became popularly used during Europe’s financial crisis in 2011.
The euro (sign: €; code: EUR) is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European countries (Montenegro, Andorra, Monaco, San Marino and Vatican City) and the disputed territory of Kosovo. It is consequently used daily by some 332 million Europeans. Additionally, over 175 million people worldwide use currencies which are pegged to the euro, including more than 150 million people in Africa.
The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar.
Friday, June 03, 2005
Outside of reports of people burning their Euros in the streets, I can’t think of any worse sign of the health of the Euro than reports that Italy is contemplating pulling out of the Euro and going with the Lira because the Euro “has proved inadequate in the face of the economic slowdown, the loss of competitiveness and the job crisis.” (h/t drudge)
Yahoo! Groups: LibertyDistricts2008
Tuesday, February 24, 2009
Taipan Daily: Why the IMF and Fort Knox Won’t Put the Hurt on Gold
by Justice Litle, Editorial Director, Taipan Publishing Group
Last week, I promised to answer this popular question:
“Hey JL, what about all that gold in the vaults of the IMF and Fort Knox? Aren’t you worried they might try to dump it on the market?”
But before we get to that, a quick correction. In Friday’s piece, Europocalypse, I made reference to Colonel Kurtz as a “deranged flyboy lost deep in the Congo.”
Tuesday, May 18, 2010 10:51 AM 03:29:35 CST
The good news about Europe’s crisis
Europocalypse, no? Oil prices and interest rates will stay down, helping U.S. consumers and Democratic majorities
By Andrew Leonard
The euro is still trash
By Paul R. La Monica, editor at large June 17, 2010: 1:39 PM ET
The rally in the euro has helped lift the stock market as well. With fears starting to dissipate somewhat about a sovereign debt euro-pocalypse, investors are breathing a sigh of relief.
09-29-2010, 08:53 AM
Death Crosses, the Hindenburg Omen, the Black Swan of all Black Swans, the AIDS Doji, the Devil’s Ladder, the Europocalypse, the plagues of pestilence and locusts, the Tony Robbins Alert, the Hitler Harami formation, etc.
November 12th, 2010 by admin in Scary Videos
Justice Litle, Editorial Director, Taipan Publishing Group
America may be banged up, but Europe is teetering on the edge of flat-out fiscal disaster… which helps explain the bizarre action in gold and the dollar as of late.
Topic: GSC - UniCredit Sec.: It’s the Europocalypse
Re: Green Shoots Corner - Priced in Expec. for S&P
« Reply #30 on Dec 24, 2010, 6:30am »
Europocalypse - Are The Days of The Eurozone Numbered?: Nouriel Roubini
By: Nouriel Roubini Date: 27 July 2011
Michael Lewis on Germany and the Europocalypse
By Cory Doctorow at 10:50 am Friday, Aug 12. 2011
Michael “Big Short” Lewis continues his tour of the imploding Eurozone (previously: Ireland) with a stop in Germany, who hold all the cards in the European financial crisis. As always, Lewis is lucid, persuasive, entertaining and controversial. It’s a long piece, but well, well worth the time.
BaNZai7’S EuRoPoCaLYPSe NoW
Submitted by williambanzai7 on 11/06/2011 21:21 -0500
New York City • Banking/Finance/Insurance • Tuesday, November 08, 2011 • Permalink