Europe teeters on verge of collapse

GREETINGS,

   ” We are living in the change of worlds. The old world is going out and the new world is coming in.”–PG.151(tfoa)

   ” It is useless for you to try to prevent the fall of the white man’s world. There is no checking it. The white race has not tried to do the right thing…justice. The doing of justice would have checked her fall (Bible, Jeremiah). “–pg.170(tfoa)

  ……..” We are in a world that is passing out of existence — and she is putting up a fight (war) to destroy the nation of righteousness. Be aware! To try to oppose the success of Allah’s truth only hastens the doom of falsehood and its teachers.”–PG.189(tfoa)

Eurozone crisis may kill euro and trigger Great Depression – IMF

SOURCE: RT

The eurozone debt crisis could lead to the break-up of the single currency if a country decides to step down from the fiscal union, says the IMF’s chief economist Olivier Blanchard. This is the first time the global financial watchdog has accepted the possibility of the break-up of the euro amid mounting fears around the chances of debt default by Spain and Greece.

  The IMF also said that this year the eurozone might fall back into recession with a risk of collapsing into a new slump, which could rival the Great Depression. “A break-up of the euro area could not be ruled out. This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse,” Blanchard said on Tuesday in the IMF’s flagship World Economic Outlook report.

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