As the following image from Spiegel summarizes, three things will happen simultaneously when the unthinkable finally occurs: i) economic output plummets, ii) unemployment rate soars, and iii) consumer prices explode. Of course, this is nothing but merely deferred consequences for Europe partying for over a decade under an unsustainable regime that borrowed from the future (sound familiar?). And now the inevitable hangover. In other words: payback is a bitch.
Wednesday, June 27, 2012
The Consequences Of The Unthinkable: Here Is What Happens When The Euro Breaks Up
http://www.zerohedge.com/news/consequences-unthinkable-here-what-happens-when-euro-breaks
Labels:
Euro breakup
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment