Saturday, October 08, 2011

Then We Can Blame It On Europe

In an interview on BBC yesterday, International Monetary Fund (IMF) adviser Robert Shapiro said something quite alarming: without a plan to save the Euro, the global economy will collapse “in two to three weeks.”

  Raw Story

And the IMF can surely take some credit.

The core of Europe’s problems stems from a possible Greek debt default, which could cause a cascading wave of bank failures, leading experts to begin calling the problem a “contagion.” The IMF has been warning European leaders that they must re-capitalize the continent’s largest banks or face a crisis that may be even worse than the crash of 2008.

Warm up the printing press.

....but hey, do what you will anyway.

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