Saturday, March 7, 2009
The End of the EU? Western Europe Must Bailout "New Europe" to Save the Euro Zone
The Economist recently published a series of articles about the future of the European Union, which has been put in jeopardy by the devastating economic problems of the Eastern European countries. A shortage of capital in "New Europe" has left "Old Europe" with the bill in hand, and the tensions resulting from such could break-up the EU. What Western Europe need fear most is the rise of nationalist and populist in dictators in Eastern Europe should it now come to the East's aid; Germany's close geographic proximity to these countries and status as Europe's largest economy make it likely that aid will be flowing out of Berlin. Finally, an articles covering the sharp divisions within the EU and how interdependence is the source of the rift.
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