According to several credit rating agencies, the entire euro-zone may be in for the same type of down grade that the U.S. experienced weeks ago. The consequences of this type of action could be, in theory, catastrophic to global markets. Already dealing with the weight of their debt, a devaluation of their overall economies would be crippling to European nations like Italy, Greece and Portugal.
Andrea Hernandez
Maness F 9:00
This can be a big problem for the EU and will not end well.
ReplyDeleteNick Waters
Maness: FRI@9am
This is a pressing issue. Hopefully the German Chancellor will be able to work through the issue and some how preserve the Euro. If not, the whole global economy may collapse
ReplyDeleteNayela Hoda
Ryan Maness 9am