- 7 Jan 2010
- Reaction score
I would like to ask you "When Euro collapse?"
Greece is not a big economy in the EU countries, but financial collapse of Greece will trigger the collapse of PIIGS economies. Then Germany and France will need to help their fianancial burden by extending financial supports.... Meaning German/French/Dutch/Others citizens will need to undertake financial supports.
Europeans may be able to help each other as they are ethically Superior Race than Japanese (Whale-eaters/Bluefin tuna-eaters/WWII atrocious race/inhuma race/racist country/200% GDP debt-laden country/etc.).
I’m not sure about its collapse, but hindsight is 20/20, and the single currency now sure looks like a vanity project for the European elite for further political consolidation rather than for sound economic reasons. Of course, non-competitive southern European countries (and Ireland) took advantage of the low interest rate set by the ECB (for Germany's stagnant economy) to embark on an epic borrowing binge, with the predictable results of a huge debt-fueled housing boom and followed by an epic bust-Spain is a textbook example, it was one of the fastest growing economies in the Euro-zone during the past decade, but now since its real-estate bubble collapsed, now has a real unemployment rate close to 25%.