Europe Is Crumbling Into Collapse

[marmar]

Debt Rattle Oct 1 2014: Europe Is Crumbling Into Collapse
October 1, 2014 Posted by Raúl Ilargi Meijer at 9:40 pm


For me, the quote of the day is this one: “If there’s a periphery of the eurozone’s periphery, that’s Naples.”. The city of Napoli hosts ECB boss Mario Draghi and the heads of Europe’s central banks this week in some very posh former Bourbon family royal palace, and the contradictions involved couldn’t be more striking.

Napoli is home to an immense amount of poverty and misery, and the advent of the EU and the euro has done absolutely nothing to make life in the city any better. Quite the contrary. And there’s not a single thing in sight that holds any promise of alleviating the deepening Italian downfall. Therefore things can, and will, only get worse from here.

And that’s not just true for Italy, or Napoli. It’s true for all of Europe. That is not because Mario Draghi hasn’t spent enough money, or too much of it, or that he’s spent it in the wrong places. It’s because Napels is not Berlin or Frankfurt, or even Milan in the much richer north of Italy. And because Italy is not Germany, and Greece is not Finland, and trying to force all of them into one and the same economic mold can only possibly end in the poor getting poorer.

Unless there would be a massive wealth transfer from rich to poor, from north to south, but that’s never been in the cards. The intention was always to make the EU a tide to lift all boats, or even, in the wildest dreams, a boat to lift all tides. That intention has failed in dramatic fashion. But not one single one of the architects and present day leaders is ready to fess up to their failures. ........................(more)

The complete piece is at: http://www.theautomaticearth.com/debt-rattle-oct-1-2014-europe-is-crumbling-into-collapse/

[seabeyond]

1. omg. was my first comment. al the horror titles we read in a day, and europe is

crumbling and collapsing.

i am exhausted.

[gordianot]

2. Gosh kinda sounds familiar to another place.

That other place also has a lot of delusion and ignorance in Southern regions.

[rusty fender]

3. Our economy is fantastic,

yet the poor here keep getting poorer. We can't seem to do any thing about this problem either.

[FLPanhandle]

4. It's like comparing Detroit to Miami Beach

The US is a big place, Europe is a big place. It's not possible to have all the same economic landscape here, nor there.

[valerief]

5. The rich only want 2 classes, the rich and the poor. The middle class

keeps nudging them, making them feel less special, so off with their heads.

[CJCRANE]

6. We need a return to the nation state

with sovereign governments.

Everything is too interconnected now with all these free trade agreements and globalized banks and corporations.

[randome]

7. That is not going to happen.

Too many people growing even small businesses dream of going international. And in the Information Age, product is code. Selling that code across the planet has never been easier.
[hr][font color="blue"][center]If you don't give yourself the same benefit of a doubt you'd give anyone else, you're cheating someone.[/center][/font][hr]