Home › Forums › Financial Markets/Economics › Will The Collapse Of Spain Put Romney In The White House?
- This topic has 4 replies, 5 voices, and was last updated 11 years, 5 months ago by Veritas.
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October 3, 2012 at 10:27 AM #20163October 3, 2012 at 11:21 AM #752170Diego MamaniParticipant
Demise and collapse are too strong to describe a financial crisis. These countries average one of these crisis per decade… It’s routine. A government may “collapse” but a new administration is installed and then life goes on. The countries themselves don’t collapse, not even their economies do.
October 3, 2012 at 11:57 AM #752172The-ShovelerParticipant[quote=Diego Mamani]Demise and collapse are too strong to describe a financial crisis. These countries average one of these crisis per decade… It’s routine. A government may “collapse” but a new administration is installed and then life goes on. The countries themselves don’t collapse, not even their economies do.[/quote]
Well I think they should have said EU collapse, which is what would happen if Spain, Italy or Ireland leave the Euro as if would trigger one after the other to leave. It would for the most part BK the Euro Zone and cause a economic event similar to the 2008 crisis.
The Euro Zone economy is bigger that the USA economy, but we don’t like to admit we are really number 2.
October 4, 2012 at 6:37 PM #752206patbParticipantit’s unlikely, there is 33 days and the ECB will wowrk to keep Obama up
October 11, 2012 at 11:20 AM #752473VeritasParticipantSpain’s debt rating was cut to one level above junk by Standard & Poor’s, which cited euro-region peers’ backtracking on a pledge to sever the link between the sovereign and its banks as it considers a second bailout.
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