***Courtesy of the blogger ‘UTAH’ @ the RIO NORTE LINE *** …This sums up the problems facing Europe and the EU quite nicely, and should serve as a warning to the U.S.A… Our prayers and energy need to be directed towards preventing such a disaster in the States, ’cause much of Europe is already toast. Many thanks to UTAH and the rest of the gang at “Rio Norte“. Make sure you read it all.
—-(FYI: Just in case you didn’t know, the acronym “PIGS” in the article stands for Portugal, Italy, Greece and Spain)—-
As the EU braces for the big “Grexit” – the exit of Greece from the EU, there is hand wringing in Brussels over the immediate impact on the financial systems. Significant problem, true enough – but the immediate is always the enemy of the long term. Even if they can hold it together:
The EU is dead as an economic power for the next 50 years.
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