People are confusing Euro (currency) countries with EU. UK is in the EU with it's own currency. Even if Greece leaves the Euro currency, it can still stay in the EU.
Germany economically conquering Europe.
Who would have thought?
The EU has two options going forward:
1. Surrender political power and sovereignty to Germany to strengthen the union (and get bailout cash)
2. Eject parasitic members and shrink the union
It will be interesting to see how this all unfolds. You can't have Germany, and to a lesser extent France, keep bailing out everyone.
Is it just me or does it seem like pretty much every democratic country generally runs a budget deficit? Is it just an inherent problem with democracy, where governments will always spend more than they should?
Is it just me or does it seem like pretty much every democratic country generally runs a budget deficit? Is it just an inherent problem with democracy, where governments will always spend more than they should?
It's not that straight forward. Some of these poor fucks in Europe are still paying off the war.
The war pretty much bankrupted England, the richest country in the world at the time. They only finished paying of The States in 2006.
