[Gay State Conservative]

The near collapse of the Euro represents pretty clear evidence that “democratic socialism” cannot survive in Europe.It sounds like the Germans are getting sick and tired of being the cash machine of Brussels and that could prove interesting too.

[WesternCulture]

“The near collapse of the Euro represents pretty clear evidence that “democratic socialism” cannot survive in Europe.It sounds like the Germans are getting sick and tired of being the cash machine of Brussels and that could prove interesting too.”

- While I agree “democratic socialism” is not the rescue for any nation of today, I doubt the Euro is in risk of collapse.

What would happen if the respective Eurozone countries abandoned their common currency? Their debts wouldn't exactly disappear, would they. I deem such a development unlikely as I believe most people of any influence agree it would only worsen the problem on the national level.

A good point Cameron and Reinfeldt, indirectly, are making is that not even the might of the ECB could rescue the Eurozone if the governments participating in this collaboration continue acting irresponsibly (which more or less all have done).

Once, most countries believed in under balancing national budgets (= classical Keynesian economics) in times of financial crises. Among the first to, truly, abandon this belief were the Scandinavian nations. One prime reason was that we (I'm Swedish) realized our currencies were to insignificant outside our borders to yearly increase national debts trying to rescue “Socialism”.

Perhaps all of the World, someday, will learn that national wealth can not be built on national debts.