The Consequences Of The Unthinkable: Here Is What Happens When The Euro Breaks Up

zerohedge.com
June 25, 2012

As the following image from Spiegel summarizes, three things will happen simultaneously when the unthinkable finally occurs: i) economic output plummets, ii) unemployment rate soars, and iii) consumer prices explode. Of course, this is nothing but merely deferred consequences for Europe partying for over a decade under an unsustainable regime that borrowed from the future (sound familiar?). And now the inevitable hangover. In other words: payback is a bitch.

This article was posted: Monday, June 25, 2012 at 11:06 am

Tags: economics, financial, foreign affairs

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