"The bankers ignored history, and used the bailout to fatten their own pockets at the expense of the people. As a result, fixes were not done, and even actively fought against. Now we are facing not a repeat of 2007, but a far worse situation. The banks have increased their risk, and gambled on governments bailing them out once more."
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The economic risks themselves can be kicked down the road a long long time. The geopolitical risks will be more severe and quicker than most believe IMO. The citizens of Spain are watching this situation very closely. A comparable “no” vote coupled with potential default in Spain will absolutely destroy the EU. At that point the Chinese get involved with our debt to aid the EU...............oh boy that will be a problem.