What If The EU Fails?

January 13, 2012 by Barry Thompson  
Filed under Germany

We are at a unique point in the history of modern civilization. A large chunk of the civilization, Europe, is collapsing before our very eyes. It could take the world economy down and nobody seems to really be paying much attention to it.

Many people are unaware the EU was actually an idea that arose following World War II. The idea was to create a unified economic power that would also make it less likely that certain countries in the union would attack each other.

The European Union may have seemed like a pretty good idea at the time. Well, it was. Unfortunately, the actual agreement fell far short of what needed to be done. Governments were only partially connected, which we are seeing now as a fatal flaw.

How do we know this? Well, let’s just consider Italy and Germany. Italy is corrupt and has massive debt problems. Germany abides to the rule of law, keeps its spending under control and generally has its house in order.

What do we see today? Italy is on the edge of default and needs trillions to stay afloat. Who has to pay for it? Germany. As you can imagine, this concept is…

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