[Ztcgtqvb]

I just heard that the European central banks are working togethter to fend off the global economic meltdown. What non-cooperation are you talking about?

[radicalvolume]

Ireland, Germany, some others guarantee their deposits creating account stampedes from the banks in countries not doing this. Selected little guys, e.g., Slovenia, blend the national central bank and the Government into one institution. These look and feel like cracks in the previously growing unity. How real they are/will become depends on how the crisis plays out, I suspect.

[alecaf]

Originally posted by Lancer
I keep hearing that nationalism, not cooperation under the EU is the order of the day. Does this mean the end of the euro? If every nation goes its own way doesn't that usually require a currency to call its own? There's always national manoeuvering, nothing new. That's pretty much the rule within the EU if they find a common approach on something or not.

[etdgxcnc]

Good old USD? No, thanks.
I'd rather buy gold.

[Podborodok]

Originally posted by BeBro


There's always national manoeuvering, nothing new. That's pretty much the rule within the EU if they find a common approach on something or not. How this plays out will tell much. If the "manoeuvering" becomes a row, then we'll see.

[UitEz0Qo]

Thanks! I had forgotten. Not that kind of med though.

[Dapnoinaacale]

Originally posted by Lancer
How this plays out will tell much. If the "manoeuvering" becomes a row, then we'll see. There are rows all the time. If past history is any guide, the crisis will be a jolt for much-needed and -delayed ventures.

Besides, it's not the EU that's conceivably at risk, but the monetary union. Quite a few EU members aren't part of it yet.

[NikolaAAA]

Lets invest in north korean currency. The cycles of coniucture and deconiucture do not affect communism.

[Narus63]

Yeah, it'll be like in paradise

[Pa33anger]

Originally posted by Victor Galis
I'm a little confused as to why people are fleeing TO the dollar. Given the state of the American economy and political situation... If it ever all comes down to it... who would you bet on still standing?

[UvjqTVVC]

Originally posted by Aeson


If it ever all comes down to it... who would you bet on still standing? The Yen seems to be the bigger bet, according to the exchange rate movements in the last week.

[Haremporblape]

Originally posted by BeBro
Yeah, it'll be like in paradise You don't have to work in paradise.

[soonahonsefalh]

Well I guess this goes to prove that all European problems are US imports.

[WXQMQFIr]

Originally posted by Heraclitus
But seriously I don't think this is the demise of the EU, it may actually make it stronger in the medium run (5+ years).


But if the EU ever fails, Europe will be a very unpleasant place to live, another war in Europe would drive us to third world status and would mostly result in the use of nuclear weapons by at least one of the three European nuclear powers. Three?

[Green_Monkey23]

Originally posted by Darius871


Three? Britain, France and the Duchy of Grand Fenwick.

[DevaRextusidis]

My point being I fail to see how Russia's in the scope of the EU discussion. Though they "probably" would be involved in any hypothetical European war, I suppose.

[NumsAmenniams]

Originally posted by Kidicious


Fearmongerer! :anger:

Dresden after the last European civil war.


Another one may be too much for us to recover from... ever, I can't really see why this would be scaremongering, I think its pretty clear that a real European war involving nations with 50+ million inhabitants (not the silly small scale local Yugoslavia conflict) would have consequences as harsh as WW1 or WW2 did for our poor old continent, and back then we ruled the world, today we are just a first world region of some economic importance and moderate political influence.


Some might say the US would step in as soon as it would start and end the madness, but this wasn't the case in WW1 & WW2 also back then no Euro nation had nukes. We all know that any nation with nuclear weapons is 100% safe from a US invasion.

[TubOppomo]

Originally posted by Heraclitus


UK, France and Russia


Also Germany could if it wanted to get a nuke in less than a year. See post above yours

[Angry White American]

Originally posted by Victor Galis


Or about 6 weeks to acquire French nukes . Sarkozy actually offered to share French nukes with Germany a while ago. Has been refused however. But in the long run, if proliferation can't be stopped, some countries might rethink their "no own nukes" position.

[Metalhead]

Hey even we can use nukes. All we need to do is to overrun the military base over at Kleine Brogel, Belgium where US nukes are cosily asleep.

Our first mission would be the annexation of puny luxembourg, and then we would reclaim the south of the Netherlands and the north of France, which was unrightfully taken from us

Then we would beat our Wallonian compadres into submission and enlist them as thralls in our army to serve as cannon fodder against the German onslaught, who will be eager to reclaim the tiny portion of Germany we were given after WWII!