Archive for August 6th, 2011

06/08/2011

“Europe Is On The Verge Of Collapsing”

Human Wrongs Watch

By Raul de Sagastizabal*

Europe is on the verge of collapsing and the world is again in the quagmire, the reason being Europe, rather than just Greece, is the planet’s soft belly, and the impact of Europe’s eventual downfall would make itself felt throughout the world, even if Germany, or France, could somehow be spared.

ECB | Image: Eric Chan**

The scale of impact is unpredictable, but potentially worse than that of the recent toxic assets crisis.

The European bloc is the second largest economy, the first trade partner of China, the largest importer of Russian energy and the first buyer of high quality raw materials (it still holds the Hilton quota, the world’s most expensive meat quota).

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