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Old 9th Aug 2012, 19:01
  #82 (permalink)  
A4

Ut Sementem Feeceris
 
Join Date: Jul 1999
Location: UK
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@serenity

I don't know anything However I believe that Greece will default and have to exit the Euro (shortly). I also think there is a risk that similar could happen to Spain. Over 50% of 16-24 year olds unemployed. Spain is responsible for almost one third of all unemployment within the Eurozone. The 17(?) autonomous regions of Spain need to refinance €30 billion of debt before the end of the year. Spain is screwed..... Italy?

There is a €uro crisis firestorm coming at some point in the not too distant future - how and who it affects I don't know, but I sincerely hope that Monarchs backers are willing to do what's likely to be necessary for it to come out the other side.

A4
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