How long will the currency bloc last, do you think? Germany and France are the only ones that actually benefit from it, it’s basically just financial imperialism that allows the core to determine the taxing and spending of the semi-periphery within Europe.
I expect the EU will implode within half a decade tops. The whole scheme could only work in times of plenty where financial surplus could paper over the internal tensions. Now that the pie is shrinking, countries which are in a better economic position are pulling up their ladders. We see nationalist parties becoming prominent all over Europe now, and that trend will only accelerate. The EU trying to enforce bloc discipline with financial punishments, like they’re doing with Hungary, is another factor. At some point, Hungary might just decide they’re better off leaving the EU and joining BRICS. If either Germany or France end up with a nationalist government like AfD or NR, then there’s a good chance of them bailing on EU as well. Without France or Germany the whole thing would collapse overnight.
How long will the currency bloc last, do you think? Germany and France are the only ones that actually benefit from it, it’s basically just financial imperialism that allows the core to determine the taxing and spending of the semi-periphery within Europe.
I expect the EU will implode within half a decade tops. The whole scheme could only work in times of plenty where financial surplus could paper over the internal tensions. Now that the pie is shrinking, countries which are in a better economic position are pulling up their ladders. We see nationalist parties becoming prominent all over Europe now, and that trend will only accelerate. The EU trying to enforce bloc discipline with financial punishments, like they’re doing with Hungary, is another factor. At some point, Hungary might just decide they’re better off leaving the EU and joining BRICS. If either Germany or France end up with a nationalist government like AfD or NR, then there’s a good chance of them bailing on EU as well. Without France or Germany the whole thing would collapse overnight.
And the whole continent would be in turmoil if the eu ever collapsed
And meanwhile we’re now seeing growth move to the aohtht