Eurozone collapse 'will send continent into depression’The collapse of the eurozone would cause a crash that would instantly wipe out half of the value of Europe’s economy, plunging the continent into a depression as deep as the 1930s slump, the president of the European Commission has warned. http://www.cnbc.com/id/45251717/Italy_May_Need_to_Exit_Euro_Roubini Italy may only have days to prevent itself needing some kind of outside help as the eurozone debt crisis engulfs even more countries, most alarmingly France. Often these videos don't get seen but this one should, apart from the truth I love the technology used. I came across this and thought it may interest you - see
Markets went into panic last night after Standard & Poor's mistakenly sent out a report suggesting France had already lost its prized AAA rating. It was later withdrawn, but France remains under severe pressure as rumours persist that Europe is heading towards some kind of break-up in the long term.
Markets were also chilled by gloomy forecasts from EU economics commissioner Olli Rehn that Europe is sliding towards recession.
http://www.independent.ie/business/european/italy-just-days-from-bailout-amid-fears-of-twotier-eu-2932235.html
Friday, 11 November 2011
Posts
