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Originally posted by cassandranova
Over the last few days, I've been reading a ton about how bad it was in the days immediately after World War II throughout Europe. In America, it's a period that gets glossed over between we beat Hitler and we made NATO and beat the Commies, but looking at how badly it went, I can understand why so many of the elites there want to make sure the experiment succeeds.
Europe has survived collapsed economies before, and I think it will do so again. I do think the Euro will end, at least in its current form, but that the price is the continent splitting in two on a north-south axis. France, Germany, and the Low Countries will be one sphere. The Mediterranean will go its own way. And I think that might be good enough. The UK could go either way, alone, or across the Atlantic. I suspect they stay with their continental partners.
We look at maps and tend to imagine continents as these singular entities, but they're not. The routes along the North Sea, Baltic Sea, and the like created one culture. The routes through the Med and the Adriatic, another. Not better or worse, just different, and maybe they'll rediscover that.
It's hard to superimpose history atop a current crisis, but it's also sometimes appropriate. I think the end game will see a stronger Europe, but a smaller one emerge. But we'll see.
Greeks, Spaniards withdraw euros by the billions
(AP) ATHENS, Greece - In Europe's most economically stricken countries, people are taking their money out of their banks as a way to protect their savings from the growing financial storm.
Worried that their savings could be devalued, or that banks are on the verge of collapse and that governments cannot make good on deposit insurance, people in Greece, Spain and beyond are withdrawing euros by the billions — behavior that is magnifying their countries' financial stresses.
t's a steady bank "jog" at the moment, not a full-bore run.
Originally posted by TritonTaranis
People seem to forget it is a World Economy its a pack of cards all resting on another and when one goes they will all go
The Euro zones problems are but a tea party compared to that of the US
Originally posted by SeekerofTruth101
Even their own leader Hitler, never gave his own countrymen a chance. He wanted gottermederung - wipe off every germans on Earth.
The German Economy Has Cracked
A significant economic event has taken place in Europe today...
All through the crisis, the German economy has been stunningly resilient, despite the fact that all of its natural export markets were collapsing.
The miracle run is coming to an end.
Steepest drop in German private sector output for three years. Euro crisis leads to survey-record monthly fall in service providers’ business outlook.