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Will foreign governments and the International Monetary Fund extend vital finances to the new government, or will they let it flounder and drown in a tsunami of currency depreciation and inflation?
The EU will continue to flounder until it recognizes its mistakes and begins to carry out the reforms its economy needs.
If the US is unable or unwilling to run the required deficits, the global economy will flounder in a savings glut of low demand and cheap capital until another alternative emerges.
Emerging countries have fared better, but they, too, have started to flounder lately.