Thursday, March 28, 2013
The Great Euro Crash - The True European Disunion
political union??? what a load of BS, these countries are beating each other, and behind the whole idea of the currency and EU there are a bunch of powerful lobbies, those who actually rule the world and are slaughtering the countries of southern Europe. France and germany will result as strongest and more competitive, the rest will be buried under a dept which nobody chose, but got from Brussels. Euro? biggest mistake ever, and people are paying for it.
For more than two years Europe has teetered on the edge of an economic precipice - one of the factors that has pushed Britain back into recession. How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, BBC business editor Robert Peston takes a long view of the euro - from Churchill's vision of a United States of Europe to the bail-outs of Greece, Portugal and Ireland. Meeting a property developer in Ireland, a taxi driver in Rome and a German manufacturing worker, the film exposes the high cost being paid by European workers today for the dream of monetary union - and how close Europe came to a complete banking meltdown. The crisis could yet claim another victim - Britain, with its vast financial sector, would be dragged down by the collapse of the euro. The cost for saving the euro may be high, but the alternative would be a return to the economic mayhem of the 1930s
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