Europe: Ticking Debt Bomb?

[Bond]

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?

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.