From CBN:

"International economists are warning that Europe is facing a severe recession that could hurt the United States as well.  Although world leaders keep touting remedies to the European debt crisis, their so-called solutions haven't worked.  This week, stock market guru Nuriel Roubini called the situation in the eurozone "a slow motion train wreck," one that isn't going away.  Economist Peter Morici agreed. "We could easily see Europe slip into Great Depression type conditions," Morici said. "Spain is already near there."

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