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"The bankruptcies will be unfathomable"

What happens if the EU collapses?

credit ratings , EU , Europe , European Union , rating downgrade warning , S&P , sovereign default

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Rating agency slams Europe

Pretty good reporting and analysis from Wall Street Journal TV.

One problem though: The clip buries the good stuff at the very end. It's worth listening to to the end.

Here's the scenario:

1. Europe is unsolvable
2. When it crashes, it's going to set off a global financial catastrophe

It's just a matter of time.

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