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Citi economist: The European poop is about to hit the fan

|Includes: CurrencyShares Euro Trust ETF (FXE), UUP
  • Time is running out fast for Europe
  • Sees risk of default by Italy or Spain in months
  • France has work cut out for itself

According to Citi economist Buiter, appearing on Bloomberg TV.

Looks like Citi has all the bases covered: The economist sees Europe imploding while the technicians see EUR/CHF rallying. One is likely to get it right.