There is a lot in the news about the potential
for the euro
, and along
with it, the European Union, to collapse. Not being an EU
country citizen, I am not qualified to comment other than to say
being born in the 1950s, I miss the autonomy and complete
sovereignty of independent European nations. Call it a mixture
of nostalgia and dread of large, omnipotent governments.
I invite comments from RF Cafe visitors who are EU country
citizens. What is your preference?
Lloyd's of London Preparing for Euro Collapse
The chief executive of the multi-billion pound Lloyd's of London
has publicly admitted that the world's leading insurance market
is prepared for a collapse in the single currency and has
reduced its exposure "as much as possible" to the crisis-ridden
One commenter on the story predicts if
the EU does collapse, it will be a Y2K-like event with a lot
doom and gloom forecasting, but with just a fizzle in reality.
That is what happened during Y2K, but I assert that it was
only because of all the doom and gloom paranoia. If not for an
endless parade of news stories about utility grids failing,
computer networks crashing, and banks losing account
information, a lot of the hype would have become reality. By
preparing for a euro crash, the planners are likely to avoid a
catastrophe. What say ye?
- Kirt Blattenberger
Progenitor & Webmaster