Madeline
Rookie
- Banned
- #1
Mostly, I want this disproven, so please don't accuse me of fear-mongering. Listening to CNN, couldn't tell you which commentator, the most awful scenario was sketched out.....
Depression takes hold in Europe, which if taken as a whole is still the largest economic engine in the world. Governments stop using taxpayers' money to bail out banks, etc. and allow investors to take it on the chin. Germany looks at Greece, Portugal, Spain, etc. and says fuck this, and withdraws from the EU. Issues its own currency. Other European nations cozy up to Germany and either succeed or fail at becoming its economic allies....the euro (as currency) dies.
Thus endeth the US's hopes for recovery as well.
Could this actually happen?
Depression takes hold in Europe, which if taken as a whole is still the largest economic engine in the world. Governments stop using taxpayers' money to bail out banks, etc. and allow investors to take it on the chin. Germany looks at Greece, Portugal, Spain, etc. and says fuck this, and withdraws from the EU. Issues its own currency. Other European nations cozy up to Germany and either succeed or fail at becoming its economic allies....the euro (as currency) dies.
Thus endeth the US's hopes for recovery as well.
Could this actually happen?