Personally I feel it will be a volatile period this year but I don't believe Europe will implode quite just yet. Feel there will be more bailouts coming and re-distribution of debt before that happens. Think 2-3 years though is really starting to push it.
In time the thing is going to come screaming down though.
When it does happen its certainly going to be a investors gift of a life time. China will be seriously affected but will ride it out and continue on its long term economic revolution thats for sure.
The financial system will collapse not tangible industries like the resource sector. Let the fear drive down prices to bargain basement levels then set yourself up for long term holds. The Uranium and conventional Energy sectors is what I will be looking at.
Not financial advice, just speculation on my part.
