Quote:
Originally Posted by MaDalton
the only riots i have seen were in England - people should be officially warned to go there
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The riots in the UK were riots for the sake of looting tv's etc. nothing to do with the euro or social deprivation. however if for example Greece or other countries defaulted on their loans and were forced to leave the euro there would be a run on their banks and their governments would have to stop people withdrawing their money, limiting it to small amounts only, couple this with public sector workers not being paid, and you have a recipe for MAJOR widespread rioting in the countries affected.
And once some of these countries start defaulting, other countries whose banks have a large exposure to the debt in the defaulting countries will also be in serious trouble, and so the chain reaction continues with barely any major country not seriously affected financially. Let?s hope they sort it out soon.