Times like these when a prominent euro figure's gotta do it lemur style like below:
(This is Michel Platini by the way,nothing much to do with European Union Politics, but is the President of UEFA,Europe's football governing body)
me dad always says,when you spend more than you earn,you're fxxed (well,he didn't use profanity,but that's pretty much what he meant.
and when you let some overspenders into the group,well,you're eventually gonna have to pay up.
but I wonder,how the heck did Greece rack up that kinda debt?
thats a 100-odd billion away frommmm.......wait for it.......a TRILLION euro's of debt!
must be some kinda record that.
and whose money was spent I wonder.can't be all the german marks now can it?
serious stuff goin down up there in europe.
SO:
Is the European Union heading to collapse?
Does this mean that it will crash,hence allowing us asians with weak currency to live the dream of being able to travel to europe at a cheaper exchange rate?
Yes please!
lets have it happen and we can buy ourselves a bunch of euro for safekeeping for a certain eurotrip later on in our lives.
Read this article for a little bit more info on the repercussions of bad debt
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