ANDREW RETTMAN
Polish finance minister Jacek Rostowski has said the EU could "collapse" if leading countries such as Germany mishandle the financial crisis. The minister said: "European elites, including German elites, must decide if they want the euro to survive - even at a high price - or not. If not, we should prepare for a controlled dismantling of the currency zone." "We have a simple choice: Solidarity or the collapse of Europe."
But he added that wealthy northern countries as well as non-Eurozone EU members will suffer if the euro falls. "It's hard to imagine anything that would hit the Dutch, German or Finnish economy harder than the collapse of the banking system in any Eurozone country," he said. "The collapse of the Eurozone would [also] be catastrophic for Poland."
But he added that wealthy northern countries as well as non-Eurozone EU members will suffer if the euro falls. "It's hard to imagine anything that would hit the Dutch, German or Finnish economy harder than the collapse of the banking system in any Eurozone country," he said. "The collapse of the Eurozone would [also] be catastrophic for Poland."
I think we should do an exercise that my English teacher once taught us to stimulate creativity. Try to go 1 week without using the word "collapse". Surely there are other words which could be used in its place. I think it's losing its effect.
ReplyDeletethings can't go on as now, leveraged and fractional unsound ponzi ways so change is coming. either back to sanity, sound money and policy within each nation state, or a final tying together of majority of nations under 1 system, the grand centralization. what's the trend on the ground?.
ReplyDeleteHow does
ReplyDeleteIMPLOSION
Sound to you
Implosion works. Good job!
ReplyDeleteI like these words, Meltdown, chaos, destruction, failure, Armageddon, cataclysm,
ReplyDeleteDo i get a A+ teacher?