Jump to navigation The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump. Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate
![Europe on the brink of currency crisis meltdown](https://cdn-ak-scissors.b.st-hatena.com/image/square/2f332fbd81eb580cbb239eaa50d95521a43c4c53/height=288;version=1;width=512/https%3A%2F%2Fsecure.i.telegraph.co.uk%2Fmultimedia%2Farchive%2F00997%2FAmbrose-Evans-Pritc_997715e.jpg)