FedUpUSA

8 Countries on The Verge Of Going Under

The European Commission (EC) itself has warned that the finances of half of the Eurozone’s sixteen economies are at risk of becoming ‘unsustainable’, essentially bankrupt. As shown in the Wall Street Journal graphic below, Spain, Ireland, Netherlands, Slovenia, Slovakia, and Greece are all teetering on the brink.

While relatively better off European nations would prefer not to bail out their flailing neighbors, the problem with the euro currency union is that their fates are ultimately all tied together via the euro, even if politically they believe themselves to be separate countries. Thus an old criticism of the euro system is appearing more relevant than ever.
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