
Originally Posted by
mamboni
The EU was designed to fail from the inception. Imagine imposing the same currency and interest rates on countries with vastly differing growth, trade balances and market risks. It was predictable that the southern nations would overleverage given below-market interest rates. The PIIGS were literally enticed into debt by teaser interest rates. Now, short of selling off their sovereignty, they can never pay back the money. IMHO, it was all a setup to bring about the NWO.