chances of an EU collapse and ramifications? \ stacker news ~Politics_And

chances of an EU collapse and ramifications?

456 sats \ 10 comments \ @stack_harder 9h Politics_And_Law

hi guys, i don't mean this as a doomer thing, more of a thought experiment.

I'm not anti eu or anything , but history has shown us a few times that large political unions don't last forever.

what kind of circumstances could lead to an EU breakup and what would be the fate of the smaller, poorer eu countries like Bulgaria for example?

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5 sats \ 1 reply \ @knorozov 5h

It's inevitable, it's only a question of when it will collapse. The EU is a disaster and a complete failure, world leaders don't take it serious anymore. Most can't even spell vd Leyens name.

Smaller countries like Bulgaria are not gonna suffer too much from the collapse, actually they have probably net benefitted from the EU. Southern countries, Italy, Spain, Portugal are gonna be ok. Germany, NL not so much...

0 sats \ 0 replies \ @stack_harder OP 5h

i dunno, they get a ton of shit from the eu, getting roads and all kinds of things funded by the eu. not sure what they can offer in return to be honest , apart from some vegetables

32 sats \ 2 replies \ @Undisciplined 8h

I'm not sure about ramifications for smaller peripheral nations. There are just too many unknowns that depend on how the EU breakup proceeds.

The most straightforward breakup scenarios are Brexit style nationalist movements in the countries benefiting least from the union. That could have a cascade effect, where the value of being in the EU declines for the remaining nations, leading more of them to leave.

I could certainly imagine the breakaway nations having better relations with non-EU members, but they may also go down a more protectionist road.

22 sats \ 1 reply \ @stack_harder OP 7h

do you think they would keep the euro or switch back to a national currency ?

21 sats \ 0 replies \ @Undisciplined 6h

I think they'll most likely switch back to a national currency first, but ultimately dollarize when that fails.

1 sat \ 0 replies \ @draoi 7h

I don't think the EU is going to break up anytime soon. People like their freedom of movement and trade.

0 sats \ 0 replies \ @nomainvest 2h

I believe that even though EU countries have its similarities and tried to reunite after wars and so on, there are still a lot of cultural differences, and culture is the most difficult thing to change!

Time will tell, but I believe country by country will start to look for its independence as some parts of the countries are already trying to.

0 sats \ 0 replies \ @zx 3h

I don't think it has to be bad for anyone, although that's assuming that politicians were of the disposition of accommodating policies and practical solutions.

There is a great discussion about the history from inception, problems with and current state of the EU. Can't say I know as much about the flaws in policies that were discussed in that but seems to me, for all of the benefits of EEC, the problems the Euro and the Brussels apparatchiki imposes outweigh.

0 sats \ 0 replies \ @JesseJames 5h

We have seen this before (those who been around for a minute) It will get tense and national emotions reach an apogee... then some sort of movement (brown shirts or whatever) some people potentially will get killed and we will be back re-building. Natural cycle it seems.

0 sats \ 0 replies \ @LowK3y19 8h

I think E.U. is done for it had a good run