IMF advisor: "... We Will Have A Global Financial Meltdown In Two To Three Weeks"

[wetnose]

http://www.youtube.com/watch?v=6UGDTtqklSo&feature=player_embedded

[nottyboi]

The chances the EU can respond fast enough to a situation that requires such an enormous amount of resources and complex implementation, are frankly not good at all. They will have to implement a QE type mechanism to the tune of about 2 trillion euros..... maybe more.. in either case is they don't the Euro is fucked, if they do... the euro is fucked.. ...if they don't the Euro AND the EU are fucked... this crisis is REALLY serious..

[hentai915]

A lot of the economies of Europe is on the brink. If they go then the more 'stable' countries of Germany, France and the UK will go with them. These countries basically owe the debt of the unstable countries http://flowingdata.com/2010/06/08/europes-web-of-debt/. As nottyboi says, they probably will not move fast enough since all the players have their own agendas that probably conflict with the greater good - keeping the world economy from going nuclear.

[Rockslinger]

MF Global has declared bankruptcy. They were long Europe. Bad mistake.