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:
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.
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.”