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
"Interesting. I always thought he was still alive. Probably given some plastic surgery and a witness…"
Sydney Sweeney Has Great Jeans - Outrage AI Parody Song
"Props to Schottenstein on his foray out of the woods that was DEI and wokeness. "
"One of the theories floating around was Hilary Clinton's brother Hugh, was the one…"
Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
By JAMES REINL, US SENIOR REPORTER Published: 08:45 EDT, 3 August 2025 | Updated: 10:41 EDT, 3…See More
Sydney Sweeney Has Great Jeans - Outrage AI Parody Song
AI Parody Music Video poking fun at the online hysteria surrounding Sydney Sweeney's American Eagle jeans campaign.✅ Blue jeans✅ Blonde panic✅ DEI gone wild✅...
How "Free" P*rn Sites Really Work (and Who Runs Them)
Excerpt from This Past Weekend w/ Theo Von #559 Laila MickelwaitFull Episode: https://youtu.be/9J7187j4PO4?si=2GUNymssKJpe6nEvFind Theo Von:Website: https://...
Charles Manson Talks About The Global Elite
"I've had my account with YouTube terminated before over bullshit excuses because they…"
Charles Manson Talks About The Global Elite
"Remember, though he makes his points, this man used the Beatles White Album as his own manifesto of…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network