Quarters centralize control economy. They are big enough. They are powerful enough that they can probably pull this off. We will have to see how it happens, but that is an important thing for the world economy. Europe, on the other hand, is another story. If you believe in the mayan calendar that the world will end in 2012, europe might be the reason for it. It has an awful lot of problems going on. You read about the sovereign debt crisis in the news. That is one problem. That is probably the least problem that they have. The second problem they have is most of the banks are undercapitalized. They need to increase their capital and as a result, they cannot make the loans needed to expand the economy, and that is a big concern, and banks are bigger in europe than in the United States, much more prominent in terms of driving the economy. The third most important part is the fact that they are really going into a recession, and it will not be as big a recession is what occurred in 2008 a
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