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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.
It may. If Greece will leave EU. Of course it will be bad for all Europe. Befor this union Europe was as snake-coil. Too many developed countries in too little space. Currency war resumed. Nothing good destruction of European Union will bring. Not to mention the fact that some parts can be stolen by other political players, as it was during the collapse of the Soviet Union. US will take some countries like their permanent debtors, in example (this is a best way to "collect taxes" without spending them on social needs).
It seems Angela Merkel redid her calculus about the costs of the proxy war between the US and Russian in Ukraine finding out the costs could mean the demolishing of several EU banks including Deutsche Bank and the breakup of the EU with the German taxpayer holding the bag for $300 billion to well over $1 trillion in EU debt bond losses. The day the EU and principally the Germans assumed the bonds of private holders of sovereign Greek, Spanish, Italian debt was the day they assumed liability for the debt. Basically they already assumed the loss and is now trying recoup the money from Greece, Spain, Portugal and others praying these countries don't go the way of Iceland and renounce that debt. 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.
How close is EU to collapse ? IS it in a good shape or a bad shape ?
Soviet Union managed to survive 70 years. So EU should disappear in 2025-2030 approximately.
It's exactly the same system : leaders are not elected and are not accountable to anyone. In order to survive, both have to spread further and further. Until they collapse.
Wonderful explanations by Bukowski (Vladimir, not Charles) : https://www.youtube.com/watch?v=bM2Ql3wOGcU
It seems Angela Merkel redid her calculus about the costs of the proxy war between the US and Russian in Ukraine finding out the costs could mean the demolishing of several EU banks including Deutsche Bank and the breakup of the EU with the German taxpayer holding the bag for $300 billion to well over $1 trillion in EU debt bond losses. Now 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.
"Only no war with Russia. You can't even recoup yourself from your out of pocket expenses."
No doubt the collapse of EU is Putin's ultimate goal.
Along with the re-establishment of the Soviet Union, with himself as Grand Marshal.
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Collapse in 2030
