As Portugal, Ireland, Italy, Greece and Spain see their economies tumbing into a Depression, and France is beginning to struggle, the impact has hit Germany, the biggest European economy whose powerful economy has now begun to slow.
Germany has been a manufacturing powerhouse and has used its profits not only to uplift life in Germany but as the bulwark of stability to fund European bailouts. Unless Germany's economy remains strong, that ability to fund bailouts for some of its Euro neighbors will now start to disappear.
What we are witnessing is the rapid decline of the Euro Zone, collectively the biggest economy in the world. And as it declines, it will impact the rest of us as well. So please, be protective of your job, do not over extend yourself financially, pay down your credit card balances if you are able and donate to charities that help others less fortunate than you.
As this financial storm blows ashore all over the world, we must do everything we can to look after each other, much as people did during the Great Depression of the 1930's. And together, we will get through the storm to sunnier skies.
Dick
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