Thread: 'Worst crisis since WW2'? EU stocks sink in market bloodbath

'Worst crisis since WW2'? EU stocks sink in market bloodbath

Uploaded by RussiaToday on Aug 9, 2011

VIDEO: http://www.youtube.com/watch?v=5tpmX5KA ... r_embedded

European shares have plunged, as the EU Central Bank chief warns the region's financial system is in the worst crisis since World War Two. That despite the Bank starting to buy government bonds from Spain and Italy to prop up their struggling economies.

This video mentions how President Obama is 'talking to' European leaders on what to do about their debt crisis.

How desperate is that?

It also mentions how Italy is about to go bankrupt and the potential for widespread panic and rioting to flame over Europe.

Italy is a LARGE COUNTRY, with a huge economy. You may recall that FIAT last year BAILED OUT and bought Chrysler Motors.

Guess where FIAT world headquarters are.