http://www.usatoday.com/news/opinio...n-Why-the-EU-and-euro-will-survive/50192844/1 I've been really concerned lately about the effect this euro debt crisis will have on the market. I think the article makes a good case that the crisis could actually be beneficial. Basically it says this will force the EU to develop new regulations so the crisis doesn't happen again, and in the end we come out with a more unified continent. Normally I'd be really bearish about the global economy but I think there's a good chance the assumption above is right. Germany is very likely to (reluctantly) bail out the pigs of Europe again, along with the IMF. Once this happens, Germany and the other responsible countries are sure to enforce new monetary/fiscal policies to be implemented across the entire union. Sooooo in conclusion watch out people this "disaster" could turn into a great thing in the long run...I'd be careful about going out and buying gold right now ha.
OP fails on so many levels. It's like saying, good thing that hurricane wiped out the town because of all the jobs we'll have rebuilding.
The logic holds true for certain other things. The Great Depression resulted in a lot of social and economic reforms, for example. The same could hold true for the EU, but the reason I have doubts it will is because the powers that be benefit from the crisis. Germany is currently in a position to exert far more influence on Europe than ever before. If they can successfully force bailouts and austerity measures on Portugal, Ireland, and Greece, then that eventually means that all of these countries will be more dependent on their money than before. Granted, the real winners in this situation are China and Russia. Russia has carefully positioned itself as the primary energy supplier of Europe, while China has bought a ton of Europe's debt. China's influence is particularly interesting, since they've bought influence in the EU, Brazil, various parts of Africa, Australia, New Zealand, Canada, and even the U.S. So far, they've played the capitalism game better than anyone else among the big players.
The EU will never recover. It will be the first wall of the West that will crumble. As long as they continue their lazy Euro-socialist policies, the more debt they will accumulate, and the more they will depend on Muslim immigrants who will come in and exert pressure to implement Sharia. By the time Europe wakes up to the enemy they are allowing to colonize their land from within, it will be too late.
The EU, how long will countries in Europe wish to be tied to others that are not economically viable? When does countries in the black such as Germany say enough is enough and rescind membership in the EU?
Are you kidding me? It sounds like a fairy tale. EU was a bad idea from the beginning and won't survive this crisis. Everything they are doing is kicking the cans down the road.
The only winner of this is US, we will see. It is particularly interesting that you think China will be a winner. How funny! Their holding of all the debts will be great troubles not assets. They have already lost billions holding US debt.
The crisis is functioning as a real motor to built-out a real United States Of Europe. There will be setbacks, but the result (in a few decades) will be marvelous. This is not about Germany forcing this or that -- Europe can't be Germany. We are now on the verge to become a "transfer union" like the USA has been for over at least half a century, I know to little about to subject so maybe Americans can help out here. This development will have a great spill-over effect. The new motor of European unification (= European federalism) is the Eurozone, in the process the UK is wetting herself. Haha.
I'm no expert on what's going on there, but even if it survives, the confidence of it's people seem to be obviously struck down. If there wasn't already I'm sure there will be an even larger anti-EU sentiment there. I can foresee a lot of bitterness down the road
Americans, there is no question "if" Europe is going to survive. The thought alone is just... utterly ridiculous. It's just so annoying to deal with American ignorance about the EU, if you don't know anything about it -- just shut the f up, or take the articles of American experts in American media (as in OP) more serious instead of painting it off as "too rosy" or whatever.
What, you mean it's not going to be overrun by evil Muslims? In all seriousness, do you agree with the article that there's any silver lining to this? I know you obviously think it's going to survive, but will it thrive? EDIT: Never mind, saw that you do. Whoops.
Sure, we'll shut up as soon as Euro's stop playing the role of "Arrogant Superior" in every US political thread. Deal? In other words, no.
2050 if current trends continue. Janpor better teach his kids Arabic and the value of being a dhimmi Euro.
Ok, I'm a conservative but after seeing many posts from fellow-minded conservatives on this forum, I understand why liberals consider us stupid. -------------- Don't give me a 2 sentence, simplistic response. Instead, follow me along here and give a real response please. -------------- K so here's how it works. 1.Germany (France, the northern countries that are strong etc.) MUST AND WILL BAIL OUT the southern countries. 2. However, Germans are angry right now at the PIGS. Therefore, this will be the last time they do it, and seeing as Germans are highly intelligent they are in the process of making new regulations to ensure they don't have to do another bailout. 3. What's going to happen then is the PIGS will either go bankrupt (not really an option) or cave into Germany's demands. They will cave, and Germany is going to give harsh provisions calling for austerity (see this is a good thing, it's what real conservatives believe in) 4. The net result is that the EU regulatory body will gain power relative to sovereign country power. The PIGS will no longer be allowed to be pigs, and the entitlement structure in the debt-ridden countries will go away. Why? Because fiscal policy will now be determined by the EU governing body, which is largely controlled by the strong nations such as Germany. They will see to it that they don't have to give anymore bailouts. ------------ Both sides have an incentive now to move towards austerity and away from an entitlement society. Germany is tired of bailing countries out, they will demand less expensive government among the PIGS, and they will get it because these PIGS have no choice in the matter anymore (besides leave the EU which they won't.
Blimey, you still believe in that silly you-tube-video that was thoroughly debunked: http://news.bbc.co.uk/2/hi/8189231.stm It does not fail to amaze me how thoroughly immune some people are to facts.
Well let's see, Western Europeans are having less than 2 children per couple, while their Muslim immigrant friends are having between 4 and 6 kids per couple, on average. A declining population vs a growing population... who wins? Especially when the latter is flooding into your countries? But keep the denial alive. Maybe one day they'll all of a sudden act just like you, only with darker skin. And what do you have to worry about, anyway? You already said you would love for your kids to learn Arabic, so you're already halfway dhimmified.
Whereas US financial policy is a resounding success! Might I add the basis of the EU was a proposal of the US and a condition of the Marshall Plan. And, is remarkably similar to the US Federal system. Your post is full of thoughtless, uneducated fail.
How's that "Unification" working out for you in Belgium? Any sign of a government yet? No. You greatly overestimate how far this unification process will go. I also suspect the UK will (far from wetting itself), will be proven correct about it's standoffish attitute.
It's also annoying to hear your rosy image of EU integration. Life is not that simple, European's are not voting in EU elections and are not engaged in the process.
