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It is probably the end of EU/eurozone as we know it, as it's now clear that some of the countries can't afford such a strong currency. The whole western world has lived beyond its means for a few decades, and what we're seeing is a collapse of that lifestyle. It is a continuation of the financial crisis that began in USA two years ago. The difference is that whole countries are bankrupt now, and Greece is first to go simply because corruption and irresponsible spending was most excessive there. Other countries will follow, and if EU falls apart, it will probably negatively affect USA as well.
However, I don't see this turning into a global war. We may see civil unrest comparable to what's happening in Athens right now, but nothing much more serious (I hope). There certainly will be pretty big economic, political changes, though.
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"All revolutions are the sheerest fantasies until they happen; then they become historical inevitabilities."
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