Quote:
Originally Posted by cykoe6
I follow this issue very closely and there is no doubt that Western Europe's massive exposure to bad debts in Eastern Europe is leading to a potential catastrophe which could result in the end of the Euro. The situation in the Baltics is extremely desperate and getting worse every day. Latvia's sovereign debt was just downgraded to "junk" status last week. The IMF does not have enough money to bail out every country in Eastern Europe. Massive defaults are very likely all across the board.
http://www.telegraph.co.uk/finance/c...-meltdown.html |
Yet the polish government thinks its best time to start talking serious about introducing Euro.
You US folks wanna know what is going on on EU famous debates? Check this movie out
https://youtube.com/watch?v=5DlVFKBwbuU
Did you know that after Ireland's NO to Lisbon Strategy EU wanted to punish them, or even kick them out of the UNION? As this clever UK guy said - European Union can't simply take NO as an answer!