NEW FEARS OF EURO FAILURE– AND WHAT IT COULD LEAD TO IF IT COLLAPSES

AFP Photo/Thomas Lohnes
The European economy continues to travel down a rocky path.. But now the British government is privately warning of a Euro break up — and  riots. According to TELEGRAPH reporter James Kirkup, the Treasury in Britain confirmed earlier in November that contingency plans began to be made for a collapse and unrest.

Embassies have been instructed to prepare for significant issues. Some of those issues include the possibility that in the not too distant future, a citizen will not even be able to withdraw cash.

The nightmare scenarios may appear unlikely, but the fears coupled with news of Italy’s impending collapse and the Euro’s constant troubles, it gets easier to imagine a world where these financial failures could occur.

The shock waves of such an event would surely bring a heavy weight across the world. The albatross of bad investments and debt will cause other nations to suffer the same pain that the UK would deal with. 

Unemployment rates along with a bad financial mess, bank failures, and a breakdown of government order. This, again, is the very real fear in Europe, and it’s tough to assume that any economic breakdown would not lead to violent consequences or  a collapse, whole or part, in social order.

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