Well, some of us have been warning about this for a looooong time!
The Eurozone was back on the brink last night as Spain edged towards a financial disaster that could tear the single currency apart. Analysts said Spain’s huge economy was at a ‘tipping point’ and would inevitably need international aid. In a sign that Europe’s debt crisis is deepening, Italy’s borrowing costs edged higher, Greece was was facing a 1930s-style depression and its austerity measures were said to be faltering.
It all spells meltdown. And the sooner the better. The Eurocrats want to use this crisis to tie the EU into a deeper structure. As Merkel keeps saying we need more Europe, not less. Fine words for a demented Europhile whose country benefits from a weak Euro but totally removed from economic reality. The TRUTH of the matter is that there isn’t the cash to save the Eurozone as it currently exists but there isn’t the will to break it up either.