European Union Collapse Thread

[Clip-Clop]

Originally Posted by Danzig

http://www.msnbc.msn.com/id/47673826/from/RSS/



BERLIN/PARIS — When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.

One year later, with the euro zone's debt crisis threatening to tear the bloc apart, Germany is pushing its partners for precisely the kind of giant leap forward in fiscal integration that the now-departed European Central Bank president had in mind.



.....i just don't see it happening. i don't think some of those nations would ever agree to euro power over their individual budgets.

It almost has to be that way, once you have agreed to the currency an individual country has the power to affect the group in ways it never could before through their own frivolity.

[Danzig]

Originally Posted by Clip-Clop

It almost has to be that way, once you have agreed to the currency an individual country has the power to affect the group in ways it never could before through their own frivolity.

it make sense. i just doubt that some of the countries considered all that when they bought in. it's going to get really difficult. greece will look at other countries and say why do we have to keep suffering while the others do ok. the ones doing ok will be worried that greece and ireland (for example) are going to drag them down the tubes with them.

[GPK]

http://www.washingtonpost.com/world/...rc=al_national