Delusions don't make loan payments

It's shocking how vague most of the reporting about the situation in Europe is.

"Oh, somehow it will all work out. Just one more meeting. One more plan."

There may be a solution, but nothing that is being talked about or done makes even the slightest bit of sense.

A continent-wide bank run is an ugly thing and we may just get the chance in our lifetime's to see one if things continue on the path they're on.

Remember when the problems in Europe were
"no big deal?"

It was "just Iceland"...then "just Ireland"...then
"just Greece"

And it was all perfectly "contained" with no
projected impact on the US or anyone else?

I guess Real Econ TV beat the Wall Street Journal, the
Financial Times and CNBS in getting the facts out
by what, two YEARS? (It's not as hard as it looks...)

Our latest prognosis for Europe.

Video:

Europe Wired to implode

Ken McCarthy
Real Econ TV