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Collapse. The question is one of the time between successive collapses and the number before the entire system collapses.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 17th, 2012 at 09:16:56 AM EST
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We are between the rock of austerity and the hard place of balance-sheet recession.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 09:43:08 AM EST
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And bound for debt-deflation death spiral.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 17th, 2012 at 10:58:10 AM EST
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