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The EU, Canada and US are all scheduled to collapse by 2019. Russia will remain strong and continue to be a beacon of hope and progress for the rest of the world.
With Russia and the US / EU in a economic war of sanctions, the Greeks are threatening to renounce paying back $300 billion dollars worth of debt unless that debt is restructured or the will seek financing from the US, Russia or China. The fear is if Greece does that and fares okay down the road the rest of the other countries such as Spain and Italy will follow suit leaving the EU and principally the Germans no way recoup all of that money. This we see why Angela Merkel is in a hurry in leading the effort to settle US vs Russia proxy war in Ukraine all of a sudden because she needs a united front of the G-20 nations to leave the indebted nations with no options to play one against the other as to keep these renegade indebted nations toeing the line from causing the EU financial system to collapse.
Italy should have allied with the US/UK and Russia in the 1936-1943 period when it was more plausible and potentially more meaningful.
Though far-fetched, what you suggest has at least plausibility: Russia prints its own currency (in monetary terms, it is meaningless to say that it is cash-strapped) and it does have plenty of fuel and it manufactures some things, and China and the US many, and they also print their own currencies.
I suppose, then, to what extent would some combination of US/Russia/China be willing to replace the portion of subsidies for Greece, and southern Italy, that Germany shoulders already and is not willing to do so any more?
But it seems too far-fetched: would the US/UK/France really want to invite Russia and China that deep into the Mediterranean, or would some combination of the three western allies do it alone?
One of the main pillars of NATO/EU is burden-sharing.
I think the US will continue to push for compromise between core Europe and Greece.
Nonetheless, some alternative as outlined above could be interesting.
No as long as they do not allow Greece to break the rules so others don't demand the same ;they are much more prepared to have Greece dropout and default. Even with budget surplus their debt went from like 125 billion to 145 billion. In the end they will recover faster by more pain now in defaulting if they reform economy more.it will also bring reform faster in other economies likely to stay in EU. The present austerity has worked for those who serious did reforms unlike what is said. Greece's problem and some others is they have destroyed a lot of the private sectors that creates growth.
greece should leave the euro and default , it will face horrible consequences for a few years but will eventually recover , its not somaila or haiti , its current debt mountain is impossible to ever pay off and its too poor to be involved in a currency union which renders it uncompetitive
if i were greek , id be of the attitude we have it bad now so why kick the can down the road further by agreeing to some bridging loan or other , they need to bite the bullet now
Is the US going to collapse? Or Canada? Or Russia?
well they're countries - the EU isn't.
However I agree it's stupid to compare it to the Soviet Union. During the soviet union my grandfather has been in concentration camp for telling communist jokes...these days I've told many anti-merkel and anti-baroso jokes and I'm still free
IMO the EU is on it's last legs ... but not because of Greece. Rather it's because of the rise of right wing Euroskeptic parties like the UKIP, the French National Front, etc. There's a very good chance that the UK could leave the EU within the next few years ... assuming the Conservatives win the general election in May.
The EU was a nice idea in theory but to make something like that work you need to have complete political integration before economic integration. You cannot have a sucessful economic union without a strong, federalized political union.
Edit: I wish people would stop saying that Putin wants to recreate the USSR. He does not, what Putin does want to do is go back to the old Tsarist era Russian Empire. He is a Russian nationalist, not a commie. He knows communism dident work. Putin views himself as the modern tsar, not the modern Stalin.
EU won't collapse from greece. What they fear is greece's cheap drachma will undercut the competitiveness of the other mediteranean members which will lead to Italy seeking an exit. Italy leaving is the end of the euro.
The EU is different from the €. Even if Greece were to be nuked tomorrow and wiped from the face of the Earth, the European Union will not collapse. The EU has 28 member states, and only one is even considering leaving, and that is the UK. The EU as an entity is doing what it's supposed to do, and it's doing fine. The EU is not a confederation which will collapse because of some jerks in Greece.
Neither will the € collapse, with or without Greece.
You mix up two things; the Euro and the EU. When Greece leaves the Euro it doesn't have to leave the Union. The UK, Denmark and some others are still member of the Union but don't have the Euro as currency. When the Euro falls down, it is not an end of the Union, although it will be tough. The right-wing National parties in Europe want to end the Union in total. The problems with Russia makes the Union just stronger because breaking up is not in the interest of Eastern Europe, they still have a good memory and fear abouth the Russion influence. When economics go better and a weaker/cheaper Euro will help and even a cold war, will help, the rural on the right wing about Europe is going by. Russia and IS are global enemies and together you are stronger.
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