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Originally Posted by Professor S
My concern is that it will greatly impact the European Union, and with how all advanced economies are so interconnected we could see a double-dip recession. Am I being paranoid?
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Highly unlikely. To see a double-dip recession would require governments to stop propping up the bad debt. That would be far too politically unpopular to do, so I don't see that scenario playing out at all.
However, I do think we are going to see major currency inflation in the near-to-mid future, which will be a purely political and not economic move.