Hi, is the sign of crises in European market pointing to another recession in 2012? As an individual I am worried about it as last recession in 2008 left me with the loss of around 2 million.

yes it is heading that way, the USA is hiding its debt level and they recently only raised the debt level to keep there head above water. Countries are realising that buying usa bonds and currency is not good as they are so far in debt that this is cutting off outside investment.

The euro is crashing and many countries are going into bankruptcy. The IMF that usually supports the european banks has no ran out of money and there is no one to bail them out.

Therefor more countries will be going into bankruptcy, along side of this the european union has a high investment in USA banks so once that crashes it will have a flow on effect to the USA and other countries.

it means we don't have to waste our hard earned money and keep our savings untouched until and unless this forthcoming recession is gone by.

I am pretty sure it is. All of my clients are European, the sales declined almost half of the past year. Has anyone the same with me?