The European Debt Crisis - Analysis from Elliott Wave International Get This Free Report: The European Debt Crisis and Your Investments In 1999, 11 European countries surrendered their currencies for the euro and a shared monetary authority. Barely a decade later, the once-celebrated EU and its currency are facing collapse. Elliott Wave International has just published a free report to help you gain a valuable perspective on the European debt crisis and get ahead of what it could mean for your portfolio. Read Your Free Report: The European Debt Crisis and Your Investments. In 1999, 11 European countries surrendered their currencies for the euro and a shared monetary authority. But as the world applauded, Elliott Wave International (EWI) forecast that those countries had also sealed a shared fate: to eventually collapse together in a liquidity-driven deflationary spiral. Barely a decade later, the once-celebrated EU and its currency are facing collapse. In November 2011, EWI observed that its “pageant of concession and agreement focuses (now) on rescue and preservation rather than expansion.” EWI's analysts have been anticipating and tracking the credit contagion across the European nations for the past two years. Back in December 2009, EWI analyst Brian Whitmer warned that a set of troubling events across Europe were signaling that the entire continent was on edge. In April 2011, Whitmer wrote: Back in February 2010, we stated, "Greece's woes aren't over and neither are its neighbors." Four months later, as nearly every country in Europe said they would avoid a "Greek-like fate," the June 2010 issue added, "The only thing separating these countries from Greece is the fragile confidence that they are, indeed, distinct." Will the Central Bank coordination bolster confidence enough to turn around the economies of the world? Or is this just another hopeful attempt that will provide nothing more than a short-term fix? You owe it to yourself and your investments to find out. Remember, even if you believe you're not directly invested in Europe, there's a very good chance that some of the companies in your portfolio are -- possibly even your money market funds. Gain a valuable perspective on the European debt crisis and get ahead of what is yet to come in this free report from Elliott Wave International. Read Your Free Report Now: The European Debt Crisis and Your Investments. About the Publisher, Elliott Wave International Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.