RE: EU is a pack of cards waiting to collapse due to Target219 Aug 2019 19:06
You are absolutely right Madpunter, why anyone would want to remain in the failing EU is beyond me. They clearly know very little about how it functions and how close it is to collapsing. They break all their own fiscal rules to keep the experiment going. I recommend people read a book called "How The Euro Dies" by Nikolai Hubble. Explains in very simple terms Target two and its consequences. I have never believed in a single currency. Countries are, culturally, so different that a one size fits all approach is ridiculous. The poorer, southern countries need to be able to devalue their currency or change their interest rates in order to become competitive, but they are unable and as a result are yoked to a perpetual cycle of debt and poverty History tells us that this will eventually fail. France, Germany and Italy have tried this in the past, !9th Century, without success.
Simple economic rules which are being broken by the EU, known as the unholy trinity, as such it is doomed to failure. Beyond this it is a giant Ponzi scheme, authoritarian and an undemocratic gravy train.