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Re: DragonBear post# 109698

Friday, 06/24/2016 1:30:18 PM

Friday, June 24, 2016 1:30:18 PM

Post# of 220564
The EU was created as a social and political experiment.

That experiment was doomed to fail. And it clearly has, as many of us predicted in the early 1990s that it would.

The EEC worked well as a trade zone, and Euro economies performed far better under the EEC than they are under the EUSSR once the stimulating distortion of the artificially low borrowing costs of the ECU (and now Euro) that allowed the spendthrift countries like the PIGS to borrow huge sums at artificially low rates by being lumped into a common currency with Germany, Netherlands, and to a lesser extent, France, FAILED - as it did since at least 2006 if nott earlier with the PIGS and the divergence of bond rates within the EUSSR.

Point of example - if Yugoslavia could not hold together a unified country of just a handful of Balkan states, who in their right mind would think that a unified country of the EUSSR could mold nott only those Balkan states into one country, but think that it could meld a German and Brit with a Greek, Italian, and Portuguese?

There was and is no common language, culture, or values among the 28 wildly different countries (and more than that ethnicities) within the EUSSR 'borders'.

The EEC was an economic trading bloc and it provided stable growth to Europe, allowing Italy and Greece to debase their currencies at will to fund their spendthrift and corrupt governments and allowing plenty of trade within the EEC bloc.

The EUSSR was (and yes, it is dead as a zombie and has been for quite some time) a POLITICAL unification project and was foolish and destined to fail, and fail badly.

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