Roubini: Could France Be Next to Fail?

October 3, 2012 By 6 Comments

Nouriel Roubini was on Bloomberg this morning discussing the issues with the Euro-zone.  Roubini stated that while right now Euros are rushing to the perceived safety of France, fundamentally France is no different than any of the other peripheral Euro nations which are failing.

We expect France will become the center of the crisis once Greece and Spain have completed the cycle, as focus must be kept off of the UK and the US.  Once France is fully engulfed in the debt crisis flames, then-and only then, attention will focus to the US and the UK, and the real crisis will begin.  The debt crisis will become F UK US PIIGS.


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Comments

  1. Avatar of THORISHERE THORISHERE says:
    October 3, 2012 at 9:02 AM

    “The problem with socialism is that you eventually run out of other people’s money.” -Margaret Thatcher

    As Stefan Molyneux of Freedomain Radio posited, all Western nation states will eventually bankrupt themselves because all our social programs are unsustainable.  People always want something for nothing and they will keep taking and taking until there’s no more to take.  Then they get angry.  France is just a bit ahead in this process.  It will be interesting (and sobering) to see how this turns out.  Hopefully, the developing countries learn from the West’s mistakes and go the rational route by maintaining limited governments.  

  2. Avatar of LexLuthor LexLuthor says:
    October 3, 2012 at 9:30 AM

    FU*CK US PIGS?!?!  This is getting hilarious, but true as never before…

  3. Avatar of XC Skater XC Skater says:
    October 3, 2012 at 10:46 AM

    Seriously, no Cyprus or Kreta problems? I insist we keep the spelling correct.

  4. Avatar of Hapa Hapa says:
    October 3, 2012 at 2:18 PM

    F UK US PIIGS…..This one’s going viral…

  5. Avatar of MaryB MaryB says:
    October 4, 2012 at 12:04 AM

    :-) all laughing aside collapse is coming, how bad and how deep is to be determined

  6. Avatar of Sumkid Sumkid says:
    October 4, 2012 at 6:02 PM

    The Euro currency is in big trouble and because of that, I’m trying to get rid of mine. I’m waiting that there would be more euro coins that will come to me so that I can get rid of them at once. Right now, I have 1.10 euros in multiple coins. I got these coins by coin roll hunting.

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