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Subject:
The Collapse of the EU?
PPR
2/16/2010 12:27:26 AM
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| I've long suspected the EU would break up at the first major economic downturn. With Greece, Ireland, Spain, Portugal, and Italy all struggling with debt; the question remains: why should they remain in the EU if it will not bail them out? The EU must struggle with the question: Why should we bail them out when their bad economic decisions will just drag the EU down?
So we are at an impass.
The easiest way out would be for these countries to withdraw from the EU and start printing their own money--a little inflation to reduce the public debt.
So do you think it will happen?
What will be the consequences? |
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