Skip to main content

View Diary: If the Euro fails. (282 comments)

Comment Preferences

  •  On the other hand if the Euro succeeds... (6+ / 0-)
    Recommended by:
    fayea, G2geek, Odysseus, Lujane, Adam AZ, semiot

    we could be looking at the first viable unification of the continent since the Roman Empire. A quantum leap towards fiscal and political union, which will by itself be the justification and fuel for democratization of European institutions and lead to the ultimate goal... a European President directly elected by the people. The risk here is a two-way street. It could be the end of 60 years of work since the Schuman Declaration... or it could be its fulfillment. The European leaders are absolutely determined of the latter. And if they do succeed, they will have created a monster superpower with 300-500 million people, overall much lower budget and trade deficits than the US, and a more valuable currency than the dollar. Remember, Europe has not really 'joined history' in 66 years. It could be collapse... or it could be the sleep giant reawakening.

    "It is, it seems, politically impossible to organize expenditure on the scale necessary to prove my case -- except in war conditions."--JM Keynes, 1940

    by randomfacts on Sun Nov 27, 2011 at 12:42:20 PM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site