posted on Nov, 16 2010 @ 02:32 AM
Like domino's one by one they're teetering over the edge. Economies in the EU are going bust and the continent's continuing problem with the aging
population is taking its toll. The last major poll saw less than 50% favored the EU
9 year low.
As we speak:
Ireland has been given a 24 hour
, to accept the bailout or to become the diseased half brother of the EU, kept in a cage away from everyone else.
We know that domino #1 (Greece) has already fallen, but the deficit that was announced following the first 110 billion (euro) bailout for Greece had a
which was much higher than reality. The Greeks
are raging at the Germans
as they propose even tougher
austerity measures to combat a worsening situation.
As domino #2 (Ireland) is set to accept or decline the bailout money any minute, we are already witnessing the collapse of domino #3, Portugal. The
Portuguese Finance Minister already admitted that they will need to
if the situation gets worse.
Following the third domino that is Portugal, domino #4, Spain, which neighbors Portugal will feel the after effects of a crippled Portuguese economy
once the bailout is accepted. Spain will be
forced to concede
Many are labeling the 20th of October of this year as the day that the EU started dying. The financial woes, combined with the re-emergence of
nationalism throughout the old continent is not a good mix, this is exactly how fascism arose 70 years earlier.
There is no end in sight to a worsening problem, are we witnessing the end of the EU?