” he Euro-socialists are doing everything they can to defer the meltdown til after the election. On the day after, if Obama wins, he will make the US taxpayer bail out the Euro Elites. If Obama loses, the Euros will take down the US economy, and blame Romney.”
BS
If I understand the Euro bailout plan correctly, the ECB and IMF will be involved in providing bailout funds. The IMF is also funed by the USA Govt. Thus the US taxpayers will be bailing out Greece, Spain, etc. etc. with their “unlimited” bailout.
I guess we will find out in January, or perhaps in November.
Here's the facts of life. The EU is effectively bankrupt. The EU is big enough that any major default will take down the US banking system. The meltdown looks inevitable unless the EU completely shuts down its welfare state and fires most of its government employees, a measure that will trigger rioting on a scale not seen in modern memory.
Please explain what you think the long-term outlook for EU is?