As if the economic ramifications of a full-blown Greek default were not terrifying enough, the political consequences could be far worse. A chaotic eurozone breakup would cause irreparable damage to the European integration project, the central pillar of Europe’s political stability since World War II. It would destabilize not only the highly-indebted European periphery, but also core countries like France and Germany, which have been the architects of that project.
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Posted by: phentermine | November 16, 2011 at 04:58 AM
I like your points of view. i just keep on wonder why it took so long for Greece to be publicly scrutinized for it's lack of effort to respond to the European standard since its acceptance. Public Man
Posted by: Mary | November 16, 2011 at 08:08 AM
I think Greece is the nightmare now. Hope they'll get trough it with success.
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Posted by: Lifenzhu | November 19, 2011 at 04:57 AM
The only reason Europe ever implemented the EURO was to try to overthrow the US dollar. It backfired, horribly.
However the US is in much worse shape with a 15 trillion deficit compared to Greece's meesly 500 billion. When China stops bailing the US out we are done. Stick a fork in it.
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Posted by: Ronald Truman | November 20, 2011 at 07:44 PM
Ugg Sko L'idée de CEP, officiellement une société "sans but lucratif", est la suivante : faites appel à mes services et on vous fait une ristourne sur la prime d'assurance exigée si vous passez par le golfe d'Aden. Le prix de l'escorte, durant trois ou quatre jours, est estimé à 30.000 dollars.
Posted by: Nflfacebook | November 25, 2011 at 10:14 AM
The Euro is toast.
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Posted by: John William | December 02, 2011 at 02:29 PM
Great article, but I can tell you, we can't fix the broken economy of too many countries we just can't! Handy Moves
Posted by: Jessica | December 06, 2011 at 06:21 AM
The euro is done. See ya.
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Posted by: Athena Bell | December 20, 2011 at 05:09 PM
I must agree that the risks of a Greek default affecting eurozone and consequently the global economy is inevitable, given the exposure leading European banks have throughout the country and the share of the world economy the eurozone demands.
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