Is the Eurozone Doomed? In Most Ways, YES!!

Benedict By Benedict, 2nd Dec 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/44_b2imb/
Posted in Wikinut>News>Politics

With Italy on the brink and perhaps even beyond it, Greece in the economic world's equivalent of a sewage tank, and Slovakia, Ireland, Spain and Portugal close behind, European leaders keep talking about the long-term viability of the Euro. At what bloody cost, ladies and gentlemen? Keeping the Euro for the sake of the Euro? It's time for a change. And NOW!

Delusional Merkel

About half an hour ago, German Chancellor Angela Merkel muttered these words:

"Europe is facing its biggest test ever. The Euro has proven its value. It is stable."

Stable how and compared to what? The floundering US dollar? The Mexican peso?

With the panic we've seen on worldwide markets in recent months and frequent predictions about a new global recession, how exactly can the German Chancellor, the same woman who chastised Greece for the agony it was inflicting on the Eurozone, call the Euro stable? It beggars belief.

The fact remains that many European leaders are too proud to admit they have failed - dismally. The expanded European project has brought some benefits, but these advantages remain wholly eclipsed by the bundle of social and economic problems accompanying further integration. For a moment, though, let's limit ourselves to the latter. A ridiculous facet of this integration is that one when country is unable to manage it owns financial and budgetary affairs, a national catastrophe actually spills over into the entire Eurozone.

Tags

Angela Merkel, David Cameron, European Union, Eurozone, Gfc, Global Financial Crisis, Nicholas Sarkozy

Meet the author

author avatar Benedict
I'm an unconventional young man with a predilection for saying and doing what I feel.

I seek adventure and abhor most forms of political correctness.

I crave travel, debate politics and love life.

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Comments

author avatar Mark Gordon Brown
2nd Dec 2011 (#)

I don't even watch the news anymore its all too crazy for me to follow.

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author avatar chrysolite
5th Dec 2011 (#)

Yes, I agree with Mark and don't watch the news and politics either anymore. We've been taken for a nice ride. Fine, so let's get on with it and make "our" new future.

No society or state can afford to have debts. Read a few history books, history always repeats itself. The years of the fat cows are over, we are heading for a new, let's call it, arrangement.

He and she who can adapt and see new opportunities, will survive, the rest won't.

Where will you be?

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