Quote:
Originally Posted by BobK
Even worse was when Jeroen Dijsselbloem (Dutch finance minister and Eurogroup head) announced this would be the template for banking crises in European union in the future. Now nobodys money is safe in banks in Europe.
Mattress sales expected to skyrocket!
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Great -- so either we'll see capital inflows into the US as a comparative safe haven (inflation). Or we'll see a slow-burn crash of Europe and it acting as a brake on the world economy. Here's hoping for the latter, since it's the better thing for ME.