Business Insider predicts breakup of the EU in 16 months

UndercoverElephant · Post by **UndercoverElephant** » 07 Jul 2011, 21:19

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.

Baldybloke · Post by **Baldybloke** » 07 Jul 2011, 21:40

And the downside is?

UndercoverElephant · Post by **UndercoverElephant** » 07 Jul 2011, 22:28

Baldybloke wrote:And the downside is?

Lots of people are going to lose a lot of money.

Lord Beria3 · Post by **Lord Beria3** » 07 Jul 2011, 22:52

Exciting stuff - how long before Germany gets out of the sinking euro and goes back to its old currency?

UndercoverElephant · Post by **UndercoverElephant** » 07 Jul 2011, 23:40

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.