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How bad is it going to be for Italy and Spain?

Discussion in 'BBS Hangout: Debate & Discussion' started by Northside Storm, Aug 8, 2011.

  1. Northside Storm

    Northside Storm Contributing Member

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  2. rhadamanthus

    rhadamanthus Contributing Member

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    There was some serious denial in the EU community regarding the PIGS. Greece should never have been allowed in at all.
     
  3. DaDakota

    DaDakota If you want to know, just ask!

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    Looking like we have too many unemployed youths around the world and the economies are struggling, looking like a major war ahead to cull the numbers of youths and to get the world's economy going.

    That is what usually happens.

    DD
     
  4. da_juice

    da_juice Member

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    Perhaps we'll see a new mass emigration of Europeans? Especially with the boomers retiring.
     
  5. geeimsobored

    geeimsobored Contributing Member

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    The Eurozone experiment needs to end. In general I think this is the end of currency unions as we know it. The Europeans are out of options and the ECB won't have enough ammunition to deal with this. You can't bailout countries as large as Italy and Spain and both are bankrupt so all they can do is austerity. Unfortunately it won't matter because rising unemployment will increase their deficits faster than they can cut it.
     
  6. rhadamanthus

    rhadamanthus Contributing Member

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    Props to Major.
     
  7. BigBenito

    BigBenito Member

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    <iframe width="425" height="349" src="http://www.youtube.com/embed/ezSm9TLci6M" frameborder="0" allowfullscreen></iframe>
     
  8. pgabriel

    pgabriel Educated Negro

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    yeah major and samfisher provided great analysis on the problems. i remember sam posting articles from when the union was formed predicting doom
     
  9. ChievousFTFace

    ChievousFTFace Contributing Member

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