“Europe’s 30-month effort to save the euro by slashing spending and debt levels...”
What slashing are they talking about?
http://www.freerepublic.com/focus/f-news/2880997/posts
I’m going to buy Mel Brooks’ “Silent Movie” on DVD just so I can get a screen clip of the “Trash Can Size Popcorn” for this Euro-cagematch.
all these countries like Greece have borrowed a ton denominated in the Euro. what happens if they go off the euro? do they just totally default on all the euro denominated bonds or do they pay them? what haps if the euro ceases to exist, which seems likely?
do all the euro bonds go away or does someone try and figure out some conversion rate from say the drachma to the euro?
The Euro will collapse. This is really WWIII, and this time Germany will win. Scary stuff.