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IMF warns EU debt crisis may still spread to core

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posted on May, 14 2011 @ 02:10 PM
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IMF warns EU debt crisis may still spread to core



FRANKFURT/ATHENS (Reuters) – Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, the International Monetary Fund said on Thursday.




"Contagion to the core euro area, and then onward to emerging Europe, remains a tangible downside risk," the global lender's latest economic report on Europe said.



Not good news, this is also the reason why stocks were down on friday, each everyday more bad news is coming out of eupore and what can to eupore now? well for one the collapse of the euporean union is happening.

For those countries that there pro Washington leaders want to join the EU i have to say its a stupid move and threes always alternatives to the EU.

So ATS this isnt good news much, the the collapse of the euporean union is starting at a slow pace.




posted on May, 14 2011 @ 02:27 PM
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YAY, we should start selling tickets for the post EU collapse party. Maybe we can raise funds that way!



posted on May, 14 2011 @ 04:07 PM
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It's not a collapse of the union that is desired but a collapse of the monetary system. Total collapse is not necessary in order to achieve the goal. With the dollar scheduled to go the way of the Dodo and impending pressure put on the euro it will be a relative straight forward task to implement a new reserve currency without the euro's demise.

However, the euro will have to be brought to the point just short of collapse to allow the effort to have the desired effect. Thus we can see the use of the bailouts in order to weaken the euro and the markets. All that is left to reach the goal is one good crisis and all will fall like a ripe plum into the IMF's hands.



posted on May, 14 2011 @ 04:18 PM
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I think there is nothing that could be better for the European nations than for the EU to collapse. It was just a way to steal control from you over your leaders anyway. A lure of economic gain that would be short lived, with the longer lasting cost of being a faceless voiceless serf to a corporate aristocracy.

Get out while you can, and tell the IMF to piss off.



posted on May, 14 2011 @ 05:11 PM
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Seems like no where is safe from this economic collapse that is brewing. I'm really interested to see what will happen after it occurs.




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