The Count to Infinity V7.0 (Over a year old and counting!)

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I suggest Ole gets out of there quickly BUT NO THAT CAN'T HAPPEN. What's another choice, grabbing something like Titanic to evacuate countries?

(oh God what am I even saying here lol)

You have me Maly :3
 
It means a long, long economical slump, the end of the project of European unity started in 1954, and a future of depression, unemployment and political inestability. Back to the 30's.

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Oh I will check over it soon Malyka!

Terrible, terrible, thing Went. This is not appleasing, go into government and fix it /naive :)

EDIT: MY BRAIN DIDN'T FIGURE YOU ONLY MEANT SPAIN, YEAH, AUSTRALIA IS WHERE YOU MUST HEAD.
 
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Forever said:
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Oh I will check over it soon Malyka!

Terrible, terrible, thing Went. This is not appleasing, go into government and fix it /naive :)

EDIT: MY BRAIN DIDN'T FIGURE YOU ONLY MEANT SPAIN, YEAH, AUSTRALIA IS WHERE YOU MUST HEAD.
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Only? It's Italy that is going to fall in a matter of hours, and their collapse will affect all the members of the Eurozone, Spain (and France and Germany and Belgium and the Netherlands and the already bankrupt Greece, Portugal & Ireland trio and 9 more countries) included. And that will possibly cause the end of the EU as a whole.
 
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Wait--oh.

I thought you meant like UK included, so by Spain I meant outside of UK. XD This really isn't good :(
 
The UK is not a member of the Eurozone though. And, as much as I consider that to be a mistake in an hypotetic US of Europe (to which the Euro was supposed to be the first step), in this scenario, being outside of the Euro is what is allowing them to avoid having the incredibly deep crisis all of us are suffering.

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Okay I'm now less confused (that's a good thing). So wait, what exactly will happen, house prices go up and things like that...?
 
House prices? XD

We are currently on a 20% unemployment rate. That will mean more people without a job, aka more poor people. The state will have less money to pay for public education and healthcare, since we have to save to pay our ever-growing debt, which will make things worse. Since the state will have to spend their money paying debt, they'll be unable to create public jobs, increasing the unemployment in turn.

Meanwhile, if the Euro ended, the new old currencies would have a crazy value drop, meaning that the banks would be forced to restrict the amount of money people can take every day (what we call "corralito" here, aka Argentina 2001). That would mean higher prices for everything, lower salaries and more poverty.

As a result, the markets would be insanely paranoid of buying debt from any European countries, making it harder for us to get credits, forcing the countries to cut even more services to make sure they can pay everything just with taxes... hello higher taxes for everybody.

That's, of course, the dark future. There is still a chance to save everything, but it requires several politicians doing everything they haven't dared to do yet fearing anger from their citizens because "they'd be paying for other people's debt" and "they'd lose sovereignty" and other bullcrap. It's their last chance before they destroy Europe.

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OH. :x

Hopefully they do go with the option they haven't before :( I can't really offer any other words than good luck for the countries involved :x
 
We are bankrupt already, but we seem to be comfortable about it. The Greeks? Totally destroyed the place.
Europe is this close to going down. Everyone's bankrupt (or close to) except for France, UK and Germany.

Honestly, if there is any place that I could choose freely to live the rest of my life after finishing the Uni course, it'd be Australia. Second choice would be Norway.

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The UK is still an acceptable target as they don't use the Euro and can still use some monetary tricks to keep their bonds relatively cheap.

But yeah, Italy is a few hours away from their own bailout plan- except it can't be the complete disaster they forced Greece, Portugal and Ireland to sign. What they'll figure out, that's a question for anybody.

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