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Economic crisis ten years of hell?
In this first segment of the interview, how the global economic crisis will impact Europe with discussed with author and political economist William Engdahl. Italy is experiencing the worst economic crisis it has seen in 30 years, and the British economy is “falling off a cliff.” and the European situation is “differentiated,” “it’s a little bit different from what’s going on in North America, especially in the United States.” In Europe, Engdahl explains, “it is more an indirect knock-on effect of the United States financial meltdown.” The question now is whether the European Union is going to try and decouple its dependency on the US dollar and begin to form regional currency blocks like many nations around the world are starting to do. View part 2 and 3 therealnews.com
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