EU chief warns 'democracy could disappear' in Greece, Spain, Portugal

[Ducdesmo]

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.

http://www.dailymail.co.uk/news/worl...-Portugal.html

They are currently putting a bailout package for Spain. Europe = GG.

[orange7]

no dime?

[StylinRed]

that's what happens when you get an IMF loan democracy in a sense disappears because you have to do everything by Their book and their book doesnt take into consideration what you've done and got they basically just say "hit reset and follow this"

[Gt-R R34]

1 of the bigger problems is the Euro, if spain and greece was allowed to depreciate, they might not be as in big of a problem as they would become major exporters with cheaper labour inside the EU.

Britain was smart not to lose the pound.