ATHENS, GREECE – As votes continue to be counted in the Greek general election, worries continue to mount that the fallout from the country’s potential economic collapse could have a knock-on effect for many other not-America countries.
Should Greece fail to meet the terms of its $130 billion bailout program, then the nation of Italy, which is not the United States of America, could suffer huge financial depression.
RIGHT: What is that, the Swedish flag? Israeli? Math team? Whatever it is, it doesn’t look like it’s in good company.
“We have been monitoring the situation in Greece closely”, said Federal Reserve chairman Ben Bernanke. “If the European Central Bank is forced to cut off funding to the Greeks – and by the Greeks I mean not the Americans – then the not-American nations of Italy and Spain could suffer further debt and possibly a complete collapse of their economies.”
“From there, the wider global community of not-American nations could fall into a global depression the likes of which we have never seen.”
The Eurozone – a fiscal region of not-America countries that have adopted the not-America currency of the Euro – are working around the clock to stave off economic meltdown across the European Union, a collective region of not-America nations.
Meanwhile, several experts believe that a worldwide depression, which would likely affect not-America Asian markets, could eventually pull The United States down into a financial abyss.
However, until a scenario involving the U.S. occurs, it is believed that the majority of Americans are set to go about their business, letting those itty bitty countries over in, like wherever it is, fight it out until there’s a winner.
Image credit: Flickr. PIAZZA del POPOLO. Creative Commons.