Is the EU crisis exagerated?

Answer 1

Simply, no.The banks have no money, there is no growth in the economy, people lose their jobs, people therefore stop paying taxes, government's income goes down, government cannot pay its debts to other countries, the 'crisis' starts affecting you in your country and every country around the world. An ACTUAL economic meltdown.
As for the bailouts, as I think that's what you were getting at, France's new President is refusing to defer to the Eurozone's needs and Greece's new (new) government shall do the same, which means they will almost certainly default on their payments.

Answer 2

There is still ONE way left to save the world economies.Please read all this comment.The G20 should agree to print an extra 20% of their countries capital.Half must be used to reduce debt and the other half passed to pensioners the poor [the consumers] and invested in renewable energy.The rest of the world economies should be encouraged to join in otherwise their own currency would inflate so much they would find it difficult to export in the resulting trade boom.If this is done in the same period there would be very little difference in exchange rates.At the same time banks and big business must be stopped from moving untaxed money to offshore accounts.Tax loopholes must be closed,Obscene wages must be stopped.Money paid and profits made MUST be taxed in the same country.The results would be a massive drop in unemployment,an end to civil unrest,millions taken out of poverty,new business investment in the resulting trade boom ,interest rates could again be used to control inflation ,banks would be re capitalised etc.etc..This comment can not be cherry picked .I would be pleased to answer any questions on this comment by world leaders and economists.
Joe Dudhill..........

Answer 3

Probably.

How can a mere 9 million Greeks destroy the lives of 500 million EU citizens?

Answer 4

If the international banking families want to create another recession, then yes it will happen. Looks like it is happening already to me

Answer 5

nope . at last the euro is going under

Answer 6

no it is not
countries like greece are going bankrupt
and are pulling all their money out of banks ..