[traderrob6]

France owns a ton of Italian debt. Italy goes down France goes down.

[Buckeye McFrog]

France is to Greece as Texas is to Rhode Island.

It will be many many many times worse.

[wolfman23601]

France and Germany are both in terrible fiscal shape. They can continue until investors stop buying low yield bonds, but neither have any better chance of actually paying off their debt than Italy.

[blueunicorn6]

No....they’re the next bunga bunga. Sorry, I plagiarized Paul Krugman. Where’s my nobel prize?

[ken21]

german debt ratios are modest compared to the rest.

[Voltage]

Could it be SOCIALISM?

[M. Espinola]

When France goes down the financial drain, the corrupt E.U. system will collapse, but Germany will retain the remaining economic power in Europe.

[familyop]

Italy is in defacto default due to lack of willingness to cut spending and privatize, and our US dollar will continue to fall over the long run due to balancing with globalism in business (manufacturing, exports). And there's our own US debt. Oil is rising over the long term and for a long time because of Iran's nukes.

France cuts frantically as Italy nears debt spiral
The Telegraph ^ | 11/7/2011 | Ambrose Evans-Pritchard

Excerpt of Excerpt:
"France has unveiled the toughest austerity measures since World War Two despite the looming danger of a double-dip recession, vowing to slash borrowing by €65bn over the next five years in a last-ditch effort to save the country's AAA rating."

[Iron Munro]

[Para-Ord.45]

Don`t worry about any crash, it`s not gonna happen.

The ELITES, the SOCIALISTS in charge, will create WW III before allowing a complete economic collapse.

Book on it.