'Apocalyptic' statements from EU Commision head - Warns 'democracy could disappear' in Greece, Spain and Portugal

"Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.
In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel Barroso set out an ‘apocalyptic’ vision in which crisis-hit countries in southern Europe could fall victim to military coups or popular uprisings as interest rates soar and public services collapse because their governments run out of money.
The stark warning came as it emerged that EU chiefs have begun work on an emergency bailout package for Spain which is likely to run into hundreds of billions of pounds.
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[link to www.dailymail.co.uk]


The rumors and inside information comming out of the FOREX trading rooms around the globe is disturbing. The last peak was several weeks ago when it was widely believed that we were heading towards another depression. Things calmed down for awhile but the comments (see article above for one example) and chatter is starting to pick back up and each time, the situation gets progressively worse.