My next prediction. (The Euro to fall apart)

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February 5, 2010

SouthAmerica: Greece’s estimated government deficit for 2010 of about $ 43 billion dollars it is just a minor drop in the bucket inside the $14.52 trillion dollar GDP of the European Union.

For all practical purposes the Greek economy is immaterial regarding the total size of the economy of the European Monetary Union: (Euroland).


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Greece’s budget deficit is projected to reach 12.7 per cent of GDP in 2010 and the government in Athens now plans to reduce it below three per cent in 2012.

Greece GDP: $339.2 billion (2009 est.)

12.7 % of US$ 340 billion = $ 43 billion deficit in Greece in 2010


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European Union:

GDP: $14.52 trillion (2009 est.)

Note: The actual figures for Euroland are a bit smaller than the figures for the European Union.

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I'm still looking for parity with the euro