What happens then, and how does it impact the global economy; how does the collapse of the Euro impact new economies like India or China?
What will become of America and its Dollar, if the worst case scenario occurs in Europe??
Thanks.
My Best Guess is our dollar will eventually collapse too.
Did you see this video?
http://beforeitsnews.com/story/16202/Congress_raises_debt_limit,_then_votes_to_curb_spending.html
No one knows, but it won’t be good. The world is so interconnected that the collapse of Europe will cause signficiant disruptions around the world. We will lose markets and suppliers. Financial institutions will collapse and credit markets would freeze much worse than we saw in the fall of 2008.
Both China and India will lose large markets. Russia will have a very large playground but it will lose a market for its oil and gas.
It would be a bad time.