06-01-2011, 10:51 AM
will it fail to such an extent the european union has to disband?
it looks like greece will at some point renage on its loan payments, while spain with 20% unemployment looks set to collapse economically speaking, portugal is fairing no better and dublin is asking for lower interest on it's loan.
there has to come a point when everyone says , i've had enough. at present it seems a lot of money in the form of loans is flowing one way...downhill. if greece does decide to stop payments then i think we'll see some countries at least (germany, france) etc pulling stakes and going it alone. if that happens i think collapse would be imminent
any thoughts on the matter.
it looks like greece will at some point renage on its loan payments, while spain with 20% unemployment looks set to collapse economically speaking, portugal is fairing no better and dublin is asking for lower interest on it's loan.
there has to come a point when everyone says , i've had enough. at present it seems a lot of money in the form of loans is flowing one way...downhill. if greece does decide to stop payments then i think we'll see some countries at least (germany, france) etc pulling stakes and going it alone. if that happens i think collapse would be imminent
any thoughts on the matter.