[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.
