Right now after years of struggle, stimulus and bail out the euro zone looks like the famous Greek or Italian ruins. But instead of amazing people it’s frightens investors, and the world.
Fall of Angela Merkel
Angela Merkel
In defense of the euro, Merkel did everything possible; she didn’t care about the German voters, at least not as much as she did to hold the EU together. And next time, for her and her government, there will be no next time just like in Sarkozy’s case in France.
The German taxpayers are fed up with Greece, Portugal, Ireland, Spain, Italy bail outs. And they are right. Their taxpaying money is spent to ‘save’ these countries but actually nothing changed; these countries are in big trouble, endangering the whole European Union.
Fall of Greece
It’s time to let it go. The EU, also investors and the global market reached their limits. It will hurt but not as much as if the whole EU would fall apart. Greece cannot handle its debt, unless they let their citizens to starve to death. There’s no money or plan which can prevent Athens to default on its debt. It just a fairy tale, told slowly by Germany and France.
Fall of the EU
It’s all wrong. First of all if you’d like to create a US-style ‘mega state’ you need political consensus, political union. A president, a government, a parliament, constitution etc. Then you can make a monetary union with a single currency, also open up the borders and ‘unite’ your economy.
But in Brussels case it’s impossible, because the member states have strong identity and no one will give up even a little from their national identity for the sake of the EU. In one sentence: Born to fail.
The euro crisis will continue. Germany and France together with the IMF, ECB and other foreign groups (US, China) will do everything to prevent the fall of the euro zone. But how long they can pump money into the middle of nowhere?
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