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 continent.
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
RF Cafe Progenitor & Webmaster