Europe's worst fear: Spain and Greece spiral down together

[PowerON]

In a season of nightmare projections for Europe, this one could be the scariest: Greece leaves the euro currency union at the same time that Spain's banking system is collapsing.

In many ways, the market convulsion last week was a test run for those crises, as political deadlock in Greece and mounting fears over the health of Bankia, one of the largest consumer banks in Spain, converged. Moody's Investors Service downgraded the entire Spanish banking sector on Thursday.

Investors will be hoping that European leaders in Brussels, if not in Frankfurt, where the European Central Bank is based, can finally start to map out an action plan. It is not clear that policymakers have many good options.

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As I understand few weeks ago, Greece was possible be broke on June. It seem there are complex situation going on with bank at German which original was and unable to make deal.

Anyway, it seem as if Europe Union are fall apart. Worst, if Italy fail and then the whole thing is done.

I have been ask if it's good idea to visit Greece?

 

[Foxrac]

Back in 2006, I made prediction that European Union will collapse in anytime but it is start happening so countries will be decentralized from European Union and reverse the Euro currency back to original currency.

In future, our dollar will be much stronger than Euro.

 

[airportcop]

This is just my opinion but I believe that sometime not too far down the road these countries will seemingly pull it all together and at least in appearance make it all seem better. It's part of the one world order.

 

[PowerON]

Back in 2006, I made prediction that European Union will collapse in anytime but it is start happening so countries will be decentralized from European Union and reverse the Euro currency back to original currency.

In future, our dollar will be much stronger than Euro.

I have been hear that Europe are always very expensive. However, if our dollar become stronger than everything is cheap to be on vacation. I thought it might would help more tourists from North America in Europe.