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Originally posted by KrypticCriminal
reply to post by The Revenant
If they do default on there debt. Sure banks will fail and investments will be lost but its hardly a collapse of the global banking sytem. Country's like us in the UK have are dirty little fingers in many pies. So i think we would survive it.
As for spain, Ireland and portugal etc. I think there on there last legs and the euro country's wont keep them afloat forever. So they'll likely get kicked leaving stronger economies like Germany to carry on as they were.
At best its a collapse of the European union. Not the entire sytem itself. Although i dont think were far off that.
Originally posted by AuranVector
Originally posted by KrypticCriminal
reply to post by The Revenant
If they do default on there debt. Sure banks will fail and investments will be lost but its hardly a collapse of the global banking sytem. Country's like us in the UK have are dirty little fingers in many pies. So i think we would survive it.
As for spain, Ireland and portugal etc. I think there on there last legs and the euro country's wont keep them afloat forever. So they'll likely get kicked leaving stronger economies like Germany to carry on as they were.
At best its a collapse of the European union. Not the entire sytem itself. Although i dont think were far off that.
I'd love to see the EU fail. Wouldn't that be the failure of the Trilateral Commission's grand design?
May be they (the Elite) will think twice about trying to force us into a North American Union.