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Message Subject Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Poster Handle Anonymous Coward
Post Content
What would happen if the euro does collapse? Would they all go back to their old currencies or would their be no money. This may seem like a daft question but I am genuinely interested, would everything stop? Food, fuel, etc. Would people stop going to work? Please someone tell me what will happen?

 Quoting: Anonymous Coward 1474392

The whole Europe wil cease to exist at molecular level
 Quoting: Anonymous Coward 1474375

I don't think anyone know what will happen otherwise they wouldn't give a ridiculous answer like above
 Quoting: Anonymous Coward 1474392

I see the sense of humor already ceased to exist

anyway the most probable outcomes are:

Country default - the country don't pay the debts or accord with a certain number of countries to repay a low % of the debt mainly in export

Banks loaded with CDP ( France for Italy, Germany for Greece..etc) will bankrupt so the people savings into those baks will be lost....since now they keep on extending loans to PIIGS cause they are more cheap than saving the banks

the circulation euros will be sustained only in the inner territory of a single country. Probably 10.000 euros each person for bak account. While each country will start to print (lol like they did not already printed them...Germany Greece and Italy since 2009 )

probably some countries will create a currency in conjunction with economic partners.

Surely, China and Russia will jump in offering credit and support for the new currency of PIIGS
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