Falling Dominos

Discussion in 'Economy' started by B. Kidd, Nov 16, 2010.

  1. B. Kidd
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    B. Kidd Gold Member

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    What happens if the EU cannot afford to bailout Ireland, Portugal, and Greece?
     
  2. william the wie
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    william the wie Gold Member

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    It fall over go bung? Your OP is confusing shouldn't that be an Or rather than an and?
     
  3. Baruch Menachem
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    Baruch Menachem '

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    Add Spain to the list.

    I think he meant if one goes, then all will go, and trying to prop up all four is not possible.
     
  4. Annie
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    Annie Diamond Member

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  5. william the wie
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    william the wie Gold Member

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    Not really reread your citations if any one of them goes all of the PIIGS will likely go down along with Japan (likely) and possibly China. The only things that will save the US are the nuclear shield and much better demographics than the rest of the developed and developing world.
     
  6. Annie
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    Annie Diamond Member

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    Ireland continues to insist they don't want the bailout, that austerity will cut it. Problem is they are too small and they threaten the euro. Germany is having fits, rightly so, as their future rides on these countries remaining solvent.
     
  7. william the wie
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    william the wie Gold Member

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    Either all five PIIGS should have been listed or an or should have been used. If one of the euro zone countries goes under then the rest of PIIGS will fall in very short order and up to eight other European but not necessarily EU countries will be pulled under by the undertow.
     
  8. Annie
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    Annie Diamond Member

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    Japan and China are on the euro?
     
  9. william the wie
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    william the wie Gold Member

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    No nor are they European countries. They are likely to go under too but in the quote I specified PIIGS and up to 8 other European countries.
     
  10. Annie
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    Annie Diamond Member

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    Well, bully for you. I was responding from the beginning to the op. In any case, it's been a slice.
     

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