Euro dream fanaticism to end in disaster

02 Oct

The EU’s leadership remains unphased by the festering debt crisis in Greece, maintaining Athens should not, cannot, and will not default. Their message, however, is falling on increasingly deaf ears as leading economists, investors and academics say it’s inevitable. Greeks, meanwhile, are mobilizing for new mass rallies as government imposed austerity begins to break the back of the country’s economy. Salaries, pensions and jobs are free-falling, while taxes and cuts soar – all in an effort to satisfy EU demands in return for yet more debt – in the form of bailouts. And, according to William Dartmouth, an MEP for the UK Independence Party, the EU’s obsession with the Euro can only end in disaster.

From RussiaToday:


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