Well, here we go again ….. now we have George Soros telling us that only a political union will save the euro.
NOBODY ASKED US OR INDEED ANYONE IN ANY OTHER COUNTRY WHETHER WE OR THEY WANT A FULL FISCAL OR POLITICAL UNION.
If they HAD asked us, we would have said “NO”. Soros seems to think that just because a load of elite pampered and quasi-fascist EU political cronies and tossers are obsessed by this then A) it is right and B) it is inevitable.
OVER OUR DEAD BODIES MATEY – and no doubt it will come to that.
As for the next crisis, everything has its cracking point. As governments are usually inept and corrupt and unable to act except in their own interests the cracking point usually comes eventually from enough of the plebs rioting to provoke a revolution or a coup.
How long the Spanish plebs will accept 50% youth unemployment forced on them by the EU is hard to predict, but Spanish riots could at any moment bust the whole soggy bag of sheit asunder.
WHY IS THE EURO STILL RIDING HIGH??
A) Long-term players believe that Germany will survive and prosper.
B) …. and that eventually the feckless south will have to leave the euro leaving the Northern countries alone in Euroland.
C) … at which point the euro will soar
The ONLY alternative to this scenario is full fiscal union, which I do not believe Germany will accept, and nor should it, as it would be lunacy, for which the Germans are not famous.
As for “German selfishness”, the country was PROMISED all this would not happen; it was the ONLY way to get them to give up their beloved Deutschmark. EVERYONE has been shafted by the insane, reckless EU elite’s obsessions.
AND of course their LIES about Greece’s qualifications for the euro.