Thread: European Union
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Old 10-24-2011, 01:51 PM
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bhunter bhunter is offline
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Quote:
Originally Posted by Dondilion View Post
The union is not falling apart; just growing pains.
It is nearly impossible for a unilateral withdrawal from the EU. The relinguishment of national monetary control is a significant cost for membership IMO. Of course, I have little faith in the efficaciousness of any decision by commitee, let alone, the monetary policy out of Frankfurt. Once one nation defaults a domino effect will occur that will destroy the EU. There is still too much latent nationalism in play.

It would be interesting to look at the Cold War and EU formation and how the relationships between members has changed with the waning of the former Soviet threat.
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