Euro currency could collapse and trigger another Great Depression, IMF warns for the first time
Euro currency could collapse and trigger another Great Depression, IMF warns for the first time
By Hugo Duncan
|
The eurozone debt crisis could lead to the break-up of the single currency and trigger a slump to rival the Great Depression, a leading global watchdog said yesterday.
In its flagship World Economic Outlook report, the International Monetary Fund warned that the collapse of the euro could not be ruled out if a country quits the stricken currency.
It was the first time the Washington-based institution has accepted the prospect of the euro breaking up and came amid mounting fears over the health of Spain.
The IMF predicted a return to recession in the eurozone this year but upgraded its growth forecasts for Britain from 0.6 per cent to 0.8 per cent.
However, it warned that the world remains at risk of collapsing into a new slump that would rival the Great Depression – with an ‘acute crisis in Europe’ the major threat
FULL STORY: http://www.dailymail.co.uk/news/article-2131141/Euro-currency-colla...Comment
-
Comment by Less Prone on April 17, 2012 at 7:37pm
-
For once the mother fkkers are right that the euro could collapse but threatening us with a global depression is irrelevant. The money system of this whole planet must be dismantled and the blood sucking bankters tried for their crimes. They have created the global financial crises and exploited us from the very beginning. Collecting interest for money that never existed is a crime! The creature must be stopped.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
All In The Family | Mike Meets Archie For The First Time | The Norman Lear Effect
Gloria (Sally Struthers) has a new boyfriend called Michael (Rob Reiner) and she is very excited to introduce him to her parents (Carroll O'Connor and Jean S...
entitlement
Congress makes Social Security that we paid in our whole lives into to some government giveaway and…
Death Threats for Assisting ICE?
An Idaho Bar Helped ICE And Faced This Sick Backlash From DemocratsDecember 10, 20254 minute read…See More
'They’re Waiting for Us to Die': Area 51 Veterans Plead for Trump’s Help | Elizabeth Vargas Reports
Congress quietly killed the one fix that could have helped America’s “Area 51 veterans” prove where they served — and get the care they say they’ve earned.WA...
"Hope you enjoyed your thanksgiving day. I've often thought it'll good if I could send…"
I joined Facebook after 5 years of suspension!!! It went as expected.
"Thats a mighty attempt lionhearted. The true art of perseverance so thumbs up!"
Who Were the Silver Ghosts and Fork Tailed Devils Over Germany in WWII?
The year is 1943 and the Germans are punishing the US Eighth Air Force during their daylight…See More
THE GREAT FLOOD Official Trailer (2026) Netflix | Global Disaster Movies 4K
🌊 A world pushed past the breaking point.In THE GREAT FLOOD (2026), rising oceans, collapsing cities, and unstoppable storms trigger a global disaster unlik...
Mothman Prophecies
When suddenly the universe looked downIt seemed everything came unwoundI wondered if my sanity was…See More
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network