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.”
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 want....you will anyway.
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