Economic crisis threatens to rip European Union, currency, apart....

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[Kosh GTO]

The leaders of the European Union gathered Sunday in Brussels for an emergency summit meeting designed to tamp down the centrifugal forces unleashed by the global economic crisis that threaten to spin the bloc - and its single currency - apart.

In a statement afterward, the leaders tried to reassure their publics, promising to hold to the single market, promote growth and reject protectionism.

A call from Hungary for a large bailout for newer, eastern members of the union was rejected by Germany, the richest EU nation, and received little support from other countries.

Prime Minister Ferenc Gyurcsany of Hungary warned of "a new Iron Curtain" dividing Europe, even if the metal today was gold. He called for a special EU fund of up to €190 billion, or $241 billion, to protect the bloc's weakest members.

Chancellor Angela Merkel of Germany, however, facing European elections this summer and national elections in September, said that countries must be dealt with on a case-by-case basis, but without explaining how. The Czech prime minister, Mirek Topolanek, meanwhile, insisted that no member would be left "in the lurch."






http://www.iht.com/articles/2009/03/01/europe/union.php



There is the link for the Source of this News

Having watched the Soviet model fail, the countries of Central and Eastern Europe embraced the liberal, capitalist model as the price of integration with the west. Now that model, too, seems to be faltering, and the newer members feel adrift. Before the larger summit meeting Sunday, the Poles called an unprecedented meeting of nine of the new member states.

Afterward, Topolanek, who has been bickering with an impatient France, said: "We do not want any dividing lines, we do not want a Europe divided along a north-south or east-west line, pursuing a beggar-thy-neighbor policy."

The Hungarian government circulated a paper Sunday suggesting that the refinancing needs of Central Europe needs this year - including the nonmembers Croatia and Ukraine - could total $380 billion. "Failure to act," the paper said, "could cause a second round of systemic meltdowns that would mainly hit the euro zone economies."



It seems that The Croat republic is too debt heavy  .I knew that there was Cracks in the E.U. zone but i was the lone wolf Barking this. So any comment from our friends from across the lake????  GTO

[Kosh GTO]

Nobody Yet????  The  E.U. Empire was  weak and generally just
figureheads.      The armies  Of The Euro money were not as disciplined as in the days when
the Empire was being enlarged by there Money might. The Empire was also
so far-flung as to be too unwieldy to maintain and defend.


"barbarians are at the gates."   

[Panglos]

Lol your nation is bankrupt and can't even pay it's own employees 


We can always kick eastern europe out again 


I say we ask him again if they are still against signing the european constitution now 

[Kosh GTO]

But you can't you have to live with what was sign,and also for the benefit of the rest,as your constitution would say.

I do know that you can not carry all of Europe cause many of those nation are very irresponsible. ( Italy ,France are two big one's)

[Panglos]

France, Belgium, Germany and Holland make up most of europe's economic might .. so ok Sarkozy is an idiot but given your latest president meh, at least this one is a powerless idiot

[Kosh GTO]

France is not as Power house as you say that it is.Reason??? Look at all the Strike and demonstration they have there for not having work and not getting enough from the government .Like working 30 hour per week while being paid for 40 hour.How long will this last??? Not Long i tell you.

It's Coming the big break down.Already most of the affluent Euro country's mostly or better yet  (only). Want to lend out Money for things that need to be done in there country only,and screw the rest.It's protectionism, And i tell you this...Any Ism is no good.

[primal]

europe?
viva la balkan