Topics > World/Foreign Affairs
Is the EU Going to Topple?
BMG:
http://www.reuters.com/article/2011/10/18/us-italy-ratings-sp-idUSTRE79H4RZ20111018
Buckle up people! This may be the start of the collapse of the EU.
Guess we'll know after we see what happens with Greece this week. Just last week I read a story about Germany saying 'no more cash from Germany to bail out Greece'. Some blog posts I was reading at the time were basically saying that the EU was set to fall either before or by the end of the year.
http://www.telegraph.co.uk/finance/financialcrisis/8819195/German-push-for-Greek-default-risks-EMU-wide-snowball.html#disqus_thread
charlesoakwood:
Could say they have separated, irreconcilable differences, terms of the final divorce have not been settled upon.
IronDioPriest:
It was utter folly for such disparate nations with such disparate cultures and interests to think they could possibly unite in the first place. Socialist utopia. Phhhht.
ToddF:
Yes.
BMG:
@Charles:
Indeed.
If it does go belly up it'll end up being a good news bad news scenario to (at least in my non-professional estimation).
Good news in that people all over the world will only have socialist policies to blame because all of these failing economies are to one degree or another, socialist in nature. It seems to me that this could bring about a global conservative resurgence.
Bad news in that it will bring into being a global depression that looks like it would make the Great Depression of our grandparents seem like good times.
The question(s) I have is: Is this possible near-future collapse by design as an effort to destroy the economies of the 'west' and to then rebuild with a full-on socialist government? And if so, have the globalists overestimated and will the pendulum swing back toward conservatism as a result of the crashing economies?
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