There Will Be No Orderly Euro Breakup

 

Angela Merkel is warning the members of the Eurozone that the dogs of war are a distinct probability unless the economic crisis is solved. Another option is the breakup of the European Union as shown on the following video from Reuters:

httpv://www.youtube.com/watch?v=UrsL93VnFbo

The discussions currently underway in Europe and in the media would not have had any credibility just a few short months ago. Based on the breakdown of negotiations with Italy and Greece along with the spike in gold prices, the consequences of irresponsible fiscal policies are becoming a reality that must be addressed.

David DeGerolamo 

Merkel wants ‘permanent’ supervision of Greece, warns of war 

Peace should not be taken for granted if the euro fails, German chancellor Merkel told MPs Wednesday (26 October) ahead of the eurozone summit where an increase of the bail-out fund firepower may lead to Germany’s own state assets being taken as collateral.

In a dark blue jacket reflecting the mood in and about the eurozone, Merkel abandoned her usual cautious rhetoric warned outright of a war.

“Nobody should take for granted another 50 years of peace and prosperity in Europe. They are not for granted. That’s why I say: If the euro fails, Europe fails,” Merkel said, followed by a long applause from all political groups.

“We have a historical obligation: To protect by all means Europe’s unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail.”

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2 Responses to There Will Be No Orderly Euro Breakup

  1. James F. Davis says:

    It is not looking good, but in the end they may manufacture more euros and give it to the Greeks, putting off armegeddon for another day. Or maybe Obama will give a few trillion created by our FED.

    • admin says:

      Greece has already been written off. Italy is now the focal point. If Italy falls, several French banks will collapse. France is at the mercy of Germany over its banking decisions. If Italy falls, France falls and then the entire Eurozone.

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