Does anyone know the true implications? (4)
nothing is going to happen... that is for sure; we are going to get more and higher taxes, tha banks will be bailout, and everything stills the same. big business will make more money, middle class will pay more taxes, and leftovers will go to the people who need help....unfortunately
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There are two issues, which aren't totally related. There are 17 member states within the Euro zone i.e. using the Euro currency. That means 10 member states while in the EU are not directly affected by the Euro currency/debt crises. It is within the Euro zone that the serious fiscal problems would arise, due mainly to the complexities involved, and the 'market's' reaction to a withdrawal - the likelihood being a sudden crash, and the remaining economies being saddled with an unpaid debt, thereby seriously damaging both the Euro and the remaining countries. If a non-member of the Euro zone left the Union, then the impact would be minimal for the EU. That's a synopsis of the situation.
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Created: May 2013
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Last Commented: May 2013
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The public are constantly told of the imminent implosion of economies throughout the E.U., should one country decide to leave. The one thing they never mention or are never asked by the compliant media is to explain what these "dire consequences" facing E.U. countries are. I live a long way away from there and may have missed something
Can any CSers shed some light on this for me? Cheers.