Барбоса;2020505 said:
Italy, Spain and Portugal could have gone the same way by the end of the summer...
Not sure if the Germans can bail them all out
You know, I think I can Pessimism my way to a World War 3 situation amongst the EU members.
Greece's protests continue, and the bailout agreement signed is eventually compared to the old Treaty of Versailles. Greece is pissed.
Italy, Spain, and Portugal are downgraded and civilian protests start. The Vatican somehow scrounges up the money with other EU states to save Italy. Just barely.
Spain and Portugal are left to hang, and Germany outright refuses to fund any more bailout measures.
Greece, Spain, and Portugal ban together. They attack Germany.
Germany calls in their favors. US, Britain, and France are forced to respond against the countries.
Ireland sees a resurgence of the IRA, attacks Britain.
North Korea and Iran use this time to side with the indebted countries. China and Russia are forced through defense treaties to side with North Korea and Iran as well.
Soon we have these sides:
US
Britain
France
Germany
South Korea
Other EU Countries not in debt
Against:
North Korea
Iran
Russia
China
Ireland
Latvia
Greece
Spain
Portugal
The other Middle East countries will either remain neutral, selling oil and weapons to whomever wants them ala United States in World War 2, or split along allegiances to Iran or the West.
Phew. Probably won't happen, but there's your World War 3. Could happen by the end of 2010.