Juncker calls for EU army, says would deter Russia

[Pooka Fey]

7. Just as busted flat out broke as the USA

Last edited Mon Mar 9, 2015, 06:14 AM - Edit history (1)

But no way are the individual European nations going to go away into irrelevancy. France won't, no question. Nor Germany.

The EU is a new political and economic entity created for a very noble ideal - to end war between the European nations. Looking at the 20th century and the consequences - shattered cities, shattered economies, - no one could argue against putting together a European structure that would prevent wars.

In practice, there are problems about sovereign national interests and balancing the different economies between the North, South, and former Soviet countries.

If the euro goes away, France will return to the Franc, Germany to the Deutschmark, etc. It would be an economic catastrophe at the beginning however, I saw a documentary about it.