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Business Insider predicts breakup of the EU in 16 months

Posted: 07 Jul 2011, 21:19
by UndercoverElephant
http://www.businessinsider.com/farewell ... you-2011-7
Economic default. Street riots. Political disunity: the EuroGeo-Political world as we know it is ending.

We’re in the process of watching Greece default. Portugal’s Next. Ireland’s after that. In fewer than 16 months, the European Union will be no more.

Posted: 07 Jul 2011, 21:40
by Baldybloke
And the downside is?

Posted: 07 Jul 2011, 22:28
by UndercoverElephant
Baldybloke wrote:And the downside is?
Lots of people are going to lose a lot of money.

Posted: 07 Jul 2011, 22:52
by Lord Beria3
Exciting stuff - how long before Germany gets out of the sinking euro and goes back to its old currency?

Posted: 07 Jul 2011, 23:40
by UndercoverElephant
Lord Beria3 wrote:Exciting stuff - how long before Germany gets out of the sinking euro and goes back to its old currency?
I'm not sure that will definately happen. Germany, France, Benelux and maybe some others might keep a unified currency. It's completely uncharted territory.