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They won't let them burst. Time will be needed for them to find a solution to their debts issue.
During this time, there is a possible that stock market will be volatile
Jackpot2010 ( Date: 05-Jun-2010 10:05) Posted:
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The worst fear in Euro debt crisis is SPAIN going bust. Both Greece + Hungary economy combined is not even on-third the size of SPAIN. IF it comes, it will rock the stock mkt worse than Lehman's collapse in 2008.
Europe's progress has been pretty uneven. Can't really lump in one. Esply those not in Euro zone. I wonder wat's the repercussions if the Eurozone does disintegrate?
The lost decade will belong to Euro this round.
Made no mistake.
Accordingly to the legacy by our infamous Asian Crisis and US financial crisis,
We all like three things to go hand in hand before it bust
This are as follows :
97 Thailand, South Korea and Indonesia
09 Bear Stearns, Lehman Brothers and AIG
SO no different this time
We need three European countries to bust before climax can reach :
I am nominating
1) Greece
2) Eastern Bloc countries--just one will do since so many has problem
3) Spain-- fancy they will win World Cup, more likely European Crisis Champion
It takes three to party & Tango
and guess God like it this way to end the game.
Welcome to the party of chaos!!
Finally China will be next crisis in 10 years time just like Japan after 40 years of almost non stop GDP growth