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
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
The Saga of Joe Adams May Have Solved What's Behind the Numerous Disappearances Going on in our National Forests
The year is 2023 in September. A nature’s photographer and experienced survivalist, Joe Adams…See More
Aron Siri's opening statement, Senate Hearing on Covid Vaccines, May 25
Opening statement Aaron Siri, Managing Partner, Siri & Glimstad, L.L.P.Senate Homeland Security and Governmental Affairs, Permanent Subcommittee on Investiga...
"A smidgeon of facts have come to light. In English a misspelling suddenly occurred where an extra R…"
The Cancel Culture Vulture
Better to shut them down than hear their point of viewCancel culture coming after youHelping to…See More
The Fingerprint
The Fingerprint On a dance with the unpredictability of the signals you sendA solemn pact with my…See More
The Roots of Freemasonry (royales, ancient bloodlines, & end times chronology) w/Gary Wayne
👕 Merch from "The Deep End": https://www.livenotdie.com/thedeep-end🎧 Taylor's DAILY mindset podcast: https://open.spotify.com/show/1SW0ofWSXsmJZDnqKYTpRG?s...
"Bullets can be effective in reinforcing ownership."
Trump Receives Marching Orders
Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This
"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This
Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network