Werewolf wrote:The Euro will colapse and there is no way to rescue it.
It was never designed to be a success but to enrich the banks in whole Europe with one currency, where they never had the chance to make equal money in whole europe through all this diffrent currencies and economies, but with one currency they can lead to a total collapse which will and already had enriched the banks.
Whole EU is one dictatorship, the countries have nothing to say about what they do anymore.
They belong all to Brussels and ECB and through the ECM they have all to pay to "safe" countries while the money doesn't goes to countries but the banks.
Greece had about 780 bln debts and in 2012 they "granted" about 700 bln Euros to greece and they have still huge debts and growing and growing. So where is the money gone?
To banks and for projects that benefits companies not the country, not paying debts back to have a higher possiblity for more credits in future or refurbishing the economy sector, no the money is gone.
EURO is a failure from first day and there are thousands of economy experts who predicted exact this bullshit scenario, like Dirk Müller, who is hated in mass-media when it comes to Euro and economy because he says the truth and today more and more people see what he has predicted.
I've got to agree. The Euro was invented by megalomaniac bureaucrats in alliance with the financially ignorant. The interesting question is how far the (mainly)German banks have benefitted/will benefit from it, before Euro's possible demise.
The basic fact is, a currency rate has to be relative to a country's economic profile.
Greece was agriculture, tourism and lower end manufacturing. To have a sky high Euro rate instead of the drachma was monumental idiocy.
Europe's problems go deeper even than this. Globalisation and technology has meant countries doing more with less people. But we're startin g to see the disappearance of the younger middle classes around Europe. Even graduates from Oxford and Cambrdige in England are ending up working in McDonalds or on the dole. The fact is, the west gets weaker as former banana republics like India and China start to show prosperity
Another aspect to this bizarre fad of over-globalisation is mass over immigration. This is starting to show disturbing effects.
It remains to be seen how Russia develops. My hope is that Russia DOESNT take advice from the EU and US. There's the possiblity of a golden future for Russia, OR it could listen to the bizarre tripe coming out of Brussels and Washington and go down a wrong path...