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13 Sad
Realities of the
European
Union
Let’s start by looking back at 1914.
Europe was relatively
peaceful at that time, until…
Gavrilo Princip assassinated
Archduke Ferdinand of the
Austro-Hungarian Empire.
This was the beginning
of World War I.
By 1916 World War I
developed into the worst
war Europe had ever seen.
Just two decades later,
Europe was torn apart
by a second world war.
By the end of the war, millions
were dead, and no one wanted
to fight ever again.
Therefore, agreements were
designed, to prevent another
and potentially even more
disastrous European war.
Those agreements
would evolve into today’s
European Union.
The thinking was that nations
bound together economically
would have less incentive to
destroy each other.
The assumption, however,
has proven to be wrong.
Let’s take a look 13
sad realities of the
European Union
Join Hundreds of Thousands
of Readers of John Mauldin’s
Free Weekly Newsletter
Follow Mauldin as he uncovers the truth
beh...
Refugee Crisis
1.
Refugees from Africa and the
Middle East, are struggling
across the Mediterranean.
Thousands are dying as their
boats caps...
The EU is trying to accommodate
those whom it can’t stop.
Greece in
Shambles
2.
Greece is chafing under EU-imposed
austerity as its economy endures
depression-like conditions.
Spain and Portugal are
wondering if they are next.
Growing Division
3.
Poland and Hungary are fighting
against EU mandates that disrupt
their internal affairs.
Wild Deficit
Spending
4.
Several EU governments are
engaged in deficit spending
that exceeds EU guidelines.
The EU’s inability to stop them has
continued to expose its inability to
enforce its decisions.
ZIRP and QE
5.
The European Central Bank is
holding interest rates below
zero and buying private assets
with public money.
It continues to prop up insolvent
banks that must fail if the Eurozone
economy is to ever recover.
Confrontation
with Russia
6.
Russia and NATO are facing off in
the Baltic Sea, forcing already
stretched governments to boost
defense spending.
Increased
Terrorism
7.
ISIS-sponsored or ISIS-inspired
terrorists are plotting attacks like
the ones in Nice and Brussels.
End of
Schengen Zone
8.
Border checks are in force within
the supposedly free-travel
Schengen zone countries, making
one of the EU’s greatest
achi...
Brexit Copycats
9.
Sizable minorities or even
majorities in other European
countries are agitating for
their own exit opportunities.
Think Catalonia in Spain,
the Lega Norde in Italy, the
Marine Le Pen in France.
Right-Wing
Parties
10.
The Supreme Court of Austria
ruled that an extremely close
presidential vote must be taken
again.
This opens up the possibility
that a far-right-wing party
might take control of a major
European country.
Italian
Banking Crisis
11.
Italian banks are down some
€400 billion, an enormous
proportion of Italy’s GDP.
The Italians have successfully
extended and pretended for
years, but with government
debt, the refugee crisis, and
now Bre...
Germany’s
Invisible Crisis
12.
Germany’s economy is teetering.
As they may soon be dealing
with shrinking export volumes,
just like China is now.
Distorted
Markets
13.
The growing criticism of the
ECB is growing, and negative
rates are distorting
European financial markets.
As you can see,
Europe faces a host of
serious problems…
And has done little to resolve all
the issues, since it routinely takes
years to achieve consensus.
The EU is trying to make
the old agreement work
when it clearly doesn’t…
And now that member nations
know it doesn’t work, maybe
they can design something that
looks more like a trade union.
It would also need additional
characteristics that don’t
impinge upon national identity.
That would be an EU far
different than we see today.
Forging it will require a
completely different vision of
the future than what we have
seen in both the founding and
the ru...
They have to rework 10,000+
pages of agreements, with
bureaucrats fighting every inch of
the way, trying to maintain their...
The task is daunting, and
it’s not altogether clear
that they can pull it off.
But as we all know, the first
step in solving a problem is to
acknowledge the problem.
Now that it has, all we can
really do is wait to see if there
is the willingness for step two.
Join Hundreds of Thousands
of Readers of John Mauldin’s
Free Weekly Newsletter
Follow Mauldin as he uncovers the truth
beh...
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13 Sad Realities of the European Union

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Europe was already well into the minefield before the Brexit vote. The UK’s decision may have made a bad situation more volatile, but Europe would still be in a fix if “Remain” had won.

Publié dans : Économie & finance
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13 Sad Realities of the European Union

  1. 1. 13 Sad Realities of the European Union
  2. 2. Let’s start by looking back at 1914.
  3. 3. Europe was relatively peaceful at that time, until…
  4. 4. Gavrilo Princip assassinated Archduke Ferdinand of the Austro-Hungarian Empire.
  5. 5. This was the beginning of World War I.
  6. 6. By 1916 World War I developed into the worst war Europe had ever seen.
  7. 7. Just two decades later, Europe was torn apart by a second world war.
  8. 8. By the end of the war, millions were dead, and no one wanted to fight ever again.
  9. 9. Therefore, agreements were designed, to prevent another and potentially even more disastrous European war.
  10. 10. Those agreements would evolve into today’s European Union.
  11. 11. The thinking was that nations bound together economically would have less incentive to destroy each other.
  12. 12. The assumption, however, has proven to be wrong.
  13. 13. Let’s take a look 13 sad realities of the European Union
  14. 14. Join Hundreds of Thousands of Readers of John Mauldin’s Free Weekly Newsletter Follow Mauldin as he uncovers the truth behind, and beyond, the financial headlines in his free publication, Thoughts from the Frontline. Free Instant Access
  15. 15. Refugee Crisis 1.
  16. 16. Refugees from Africa and the Middle East, are struggling across the Mediterranean. Thousands are dying as their boats capsize and sink.
  17. 17. The EU is trying to accommodate those whom it can’t stop.
  18. 18. Greece in Shambles 2.
  19. 19. Greece is chafing under EU-imposed austerity as its economy endures depression-like conditions.
  20. 20. Spain and Portugal are wondering if they are next.
  21. 21. Growing Division 3.
  22. 22. Poland and Hungary are fighting against EU mandates that disrupt their internal affairs.
  23. 23. Wild Deficit Spending 4.
  24. 24. Several EU governments are engaged in deficit spending that exceeds EU guidelines.
  25. 25. The EU’s inability to stop them has continued to expose its inability to enforce its decisions.
  26. 26. ZIRP and QE 5.
  27. 27. The European Central Bank is holding interest rates below zero and buying private assets with public money.
  28. 28. It continues to prop up insolvent banks that must fail if the Eurozone economy is to ever recover.
  29. 29. Confrontation with Russia 6.
  30. 30. Russia and NATO are facing off in the Baltic Sea, forcing already stretched governments to boost defense spending.
  31. 31. Increased Terrorism 7.
  32. 32. ISIS-sponsored or ISIS-inspired terrorists are plotting attacks like the ones in Nice and Brussels.
  33. 33. End of Schengen Zone 8.
  34. 34. Border checks are in force within the supposedly free-travel Schengen zone countries, making one of the EU’s greatest achievements into a mockery.
  35. 35. Brexit Copycats 9.
  36. 36. Sizable minorities or even majorities in other European countries are agitating for their own exit opportunities.
  37. 37. Think Catalonia in Spain, the Lega Norde in Italy, the Marine Le Pen in France.
  38. 38. Right-Wing Parties 10.
  39. 39. The Supreme Court of Austria ruled that an extremely close presidential vote must be taken again.
  40. 40. This opens up the possibility that a far-right-wing party might take control of a major European country.
  41. 41. Italian Banking Crisis 11.
  42. 42. Italian banks are down some €400 billion, an enormous proportion of Italy’s GDP.
  43. 43. The Italians have successfully extended and pretended for years, but with government debt, the refugee crisis, and now Brexit, Italian Prime Minister Matteo Renzi has his hands full.
  44. 44. Germany’s Invisible Crisis 12.
  45. 45. Germany’s economy is teetering.
  46. 46. As they may soon be dealing with shrinking export volumes, just like China is now.
  47. 47. Distorted Markets 13.
  48. 48. The growing criticism of the ECB is growing, and negative rates are distorting European financial markets.
  49. 49. As you can see, Europe faces a host of serious problems…
  50. 50. And has done little to resolve all the issues, since it routinely takes years to achieve consensus.
  51. 51. The EU is trying to make the old agreement work when it clearly doesn’t…
  52. 52. And now that member nations know it doesn’t work, maybe they can design something that looks more like a trade union.
  53. 53. It would also need additional characteristics that don’t impinge upon national identity.
  54. 54. That would be an EU far different than we see today.
  55. 55. Forging it will require a completely different vision of the future than what we have seen in both the founding and the running of the current EU.
  56. 56. They have to rework 10,000+ pages of agreements, with bureaucrats fighting every inch of the way, trying to maintain their control.
  57. 57. The task is daunting, and it’s not altogether clear that they can pull it off.
  58. 58. But as we all know, the first step in solving a problem is to acknowledge the problem.
  59. 59. Now that it has, all we can really do is wait to see if there is the willingness for step two.
  60. 60. Join Hundreds of Thousands of Readers of John Mauldin’s Free Weekly Newsletter Follow Mauldin as he uncovers the truth behind, and beyond, the financial headlines in his free publication, Thoughts from the Frontline. Free Instant Access

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