Greece is the word!
Greece is the word, no actually Spain is the word, no Italy is the word, err no actually, well you get the drift.
The phrase is euro-Crisis & what needs to be done is for the Euro to be dumped because all the crap is being caused by the Euro is plunging the world potentially into a world depression like no other economic depression previous
Its now not a question of if but a question of when Greece will default & when it does it will create an economic tsunami that will definitely hit Britain but will likely hit the uS, so don't think this is just a European crisis affecting Europe, its a crisis that could affect the whole world
Italian banks have loaned Greece billions & well if Greece defaults Italian banks will be hit & as a consequence so will be the Italian economy & the Italian government can't afford the consequences of the Italian economy worsening as its already having problems getting money loaned.
If Greece defaults it would be bad but if Italy defaults I don't want to think about the consequences