General Discussion
In reply to the discussion: The people asking for a second referendum on an online petition lost & should get over it [View all]libdem4life
(13,877 posts)to the conversation. Do you know what Deflation is? It's hovering over the US, just not as much.
Oh, and it's the leaders who are in "fearmongering" mode now. They don't know WTF to do. And their Colonies have begun the process to dump them...Spain is closing in on Gibralter...Calais is about to shut them down...but then what's the harm...don't let the door hit you... That's kind of what the rest of Europe is now inferring.
And in answer to your title...Yes Depression with a Capital D. George Soros just made billions...overnight. That's not a good thing for a country. Their stock market tanked. They got their borders...well after a while maybe...but their neighbors are not quite so neighborly any more.
No one knows exactly what to do because it has never been done. The EU is really in a tough spot...Germany...but not for simple minds, however.