Re: Eurozone will collapse...
Quote:
Quote from RizzyKing:
Brexit has been a godsend in that regard for the EU everything has been moved squarely to the back boiler due to brexit and it's allowing some wriggle room but not much and many southern european nations are still circling the economic drain.
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Looks like Italy is closing in on the plug hole:
Quote:
Quote from The Sun:
Brussels was yesterday blamed for Italy’s political crisis which threatened to bring down the Eurozone.
Shares and bond markets plunged after Italian President Sergio Mattarella vetoed the appointment of a Eurosceptic finance minister in a new anti-establishment coalition.
The coalition partners, populist 5-Star and far-right Lega Nord, claimed Eurocrats were behind the move and pointed the finger at Brussels.
It came as a gauge measuring the likelihood of the debt-ridden nation leaving the Euro jumped to 11.3 per cent from 3.6 per cent in April.
Amid the turmoil, the Euro crashed to a six and a half month low against the Dollar. And European commissioner Guenther Oettinger intensified anger by saying the crisis would teach Italians not to vote for populist parties next time.
5-Star called for him to resign and said it was a glaring example of the “obvious manipulations that Italian democracy has suffered”.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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