German Gorráiz: The decline of the European Union

Serbian FBReporter in English

…According to a secret document published by the Italian Linkiesta website and taken up by the Spanish ABC newspaper, the troika experts have concluded, “Not only will Athens be unable to face up to its financial obligations, but moreover, it will suffer a severe internal devaluation, a significant fall in prices and wages in the next few years.”

…The exclusion of Greece from the Eurozone would suppose the start of the dismemberment of the European Union as it is, due to ECB insistence on complying with the 3% limit of public debt for 2013, a difficult undertaking for Portugal, Italy, Greece, Spain, the United Kingdom and Ireland, given that these are already crossing that line.

…Finally, the Central European Emerging Countries will be forced to devalue their currencies, will suffer massive internal migrations and a return to self-sufficient economies, having to move toward the reopening of abandoned coalmines and obsolete…

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