economicollapseblog | A devastating economic depression is rapidly spreading across the
largest economy in the world. Unemployment is skyrocketing, money is
being pulled out of the banks at an astounding rate, bad debts are
everywhere and economic activity is slowing down month after month. So
who am I talking about? Not the United States - the economy that I am
talking about has a GDP that is more than two trillion dollars larger.
It is not China either - the economy that I am talking about is more
than twice the size of China. You have probably guessed it by now - the
largest economy in the world is the EU economy. Things in Europe
continue to get even worse. Greece and Spain are already experiencing
full-blown economic depressions that continue to deepen, and Italy and
France are headed down the exact same path that Greece and Spain have
gone. Headlines about violent protests and economic despair dominate
European newspapers day after day after day. European leaders hold
summit meeting after summit meeting, but all of the "solutions" that get
announced never seem to fix anything. In fact, the largest economy on
the planet continues to implode right in front of our eyes, and the
economic shockwave from this implosion is going to be felt to the four
corners of the earth.
