The EU breaking up will set the plans for the NWO back several years, won’t it?
Ever hear of young and stupid? Of course there is just plain stupid as well.
The bill is due and their hands are still out for more and they will ride this all the way to hell as will the USA at this point.
Too many takers and not enough makers.
The EU has been dishing out good money after bad via the IMF...to which we are the largest contributors. But what’s new??
Nigel is projecting the young Greeks as representative of all European young people desirous of ending the unite Europe
I have seen no other such opiinion
Nigel seems o be extrapolating beyond reality
Greece is unlikely to be more prosperous without continued transfer payments to their govt from outside the country.
NOTHING WILL BREAK UP!
The European Elite would prefer to throw their first born into an active volcano than to allow the EU to disintegrate. Not going to happen. If the EU did disintegrate, then their dream of re-populating their continent with people from the South would die, as countries like Italy would be allowed to guard their own borders again and send back those they don’t like.
The EU will simply pay whatever Greece demands...no more loans - just outright grants, maybe starting at $20B per year. They will NEVER let the EU die.
Just watch!
If Greece secedes from the EU will there be a NATO Athens campaign and then a march to the Mediterranean Sea?
The idea of Europe as a mega country encompassing several countries was as stupid idea.
They wanted to rival the USA. Didn’t work. The Euro was to rival the Dollar. Didn’t work.
Whether the Greeks voted for or against the EU, their economy is in shambles and they will have to endure years of painful austerity and restructuring. Whichever way it went, jobs would be lost, pensions would be obliterated and the bloated government bureaucracy would have to be slashed.
Staying with the EU meant they would wear the shackles of the German moneylenders and Brussels bureaucrats who would loan additional money but require obedience and submission as the price.
Voting against the EU bailout means uncertainty and likely divorce from the EU. In exiting the EU they will default on their loans to the international banks, and global organizations (IMF, World Bank). They will endure an economic catastrophe but will restore the independence of their nation. I say they made the right choice.
The truth is, the “too big to fail” banks continue to make unsound loans to individuals, groups and nations based on the promise government will bail them out as was done in 2008. We blame the debtor for reneging on his/her debts but we reward the lender by protecting him/her from the consequences of making loans the lender knows will never be paid. If bankers were not backed by the government, and had to bear the consequences of default, the extension of credit would no longer be politicized and bad credit risks would be cut off from new loans long before they reached the point they couldn’t pay.
Consider if Detroit, Puerto Rico, Greece, Argentina, and even our own US government had been denied credit at the point they started incurring debt to make loan payments. The size and power of government would have been constrained by economics regardless of the desires of the politicians. Our national and global economy would be more stable and government would be less intrusive in the lives of citizens.
The choice the Greeks had was between 1) austerity and slavery to the German bankers and bureaucrats of Brussels, or 2) default, austerity, and independence. They people chose wisely. Let’s hope they make more good choices as they endure the inevitable hard times of economic collapse.
In the long run Greece is going to need its own currency which they can devalue making their products and services cheaper on the world market in order to make themselves competitive. Anything else just isn’t going to work.
For a long time I’ve compared the EU to pre-Civil War US. It will be interesting to see how they handle this.
And the American Union is being murdered right before our eyes.
Next up: Spain, Italy, maybe Ireland?
There are many reasons for Greece to stay in the EU but exit from the Euro common currency. It is a mistake, IMHO, to extend the Euro to most of the Southern and Central European countries. But those countries do benefit from the free trade and labor mobility of the EU.
The ancient and powerful rulers of Atlantis had formed a confederation by which they controlled the island of Atlantis and other surrounding nations as well. They began a war from their homeland in the Atlantic Ocean and sent fighting troops to Europe and Asia. Against this attack, the men of Athens formed a coalition of surrounding army’s from all over Greece to halt the invasion. When the coalition met with difficulties, the allies deserted the Athenians and left them to fight alone to defeat the powerful Atlantian army. They miraculously stopped the invasion of their own country as well as freeing Egypt. And eventually freed every other country under the control of the authoritarian tyrants of Atlantis.