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Home » Discuss » General Discussion

No DUplicitous DUpe

(1000+ posts) Send PM | Profile | Ignore

Thu May-19-11 02:57 PM
Response to Reply #1

3. The author agrees...

He says, "Regarding Greece defaulting on its debt, the poster is right. Eventually they will be forced out of the EU and be back to using drachmas instead of Euros. But the important point is the Euro nations can’t stem the financial collapse of Greece and then Ireland and Portugal, with Spain (a huge economy) and Italy to follow. Given the magnitude of the U.S. debt problems and now much of Europe to come under financial siege unless Germany underwrites them, we have tough times coming."

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