Loading ...A sinking EU? I hope so!
http://www.ips-journal.eu/topics/european-union/article/show/the-southern-euro-2483//
As JenkinsLane wrote answering to my comment regarding the split of the euro on the Schism post:
”
I doubt that would happen. If the Euro split into a Northern Euro and a Southern Euro the former would rocket in value, which would
mean all those VW’s, Audi’s & BMW’s would be massively expensive for anyone outside of the Northern Euro currency zone, German
exporters’ sales would collapse, unemployment would rocket and German voters would be hoping mad.
The German elite isn’t stupid IMHO. The Euro has been the best thing that ever happened to them in terms of business.
The bankrupt PIIGs hold down the value of the Euro so they can sell, sell, sell! ”
He is right,but nothing can go on forever.
It’s true that the euro is the best thing for Germany but is also true that if they want to hold the EU together they should accept some compromise,the alternative could be the sinking of the EU and this would mean NO northern euro NO southern euro NO EU ,I would vote for this but the elites would not be so happy of this solution.
Agreed. It won’t go down without a massive fight. Too many of the current elite have too much invested in it.
Then again, sometimes things can just fall apart of their own accord – fingers crossed!
quite the imaginative drawing, who’s hanging from the mast? Has to break up , too many different cultures and they are not all the same.