chances of an EU collapse and ramifications?
456 sats \ 14 comments \ @stack_harder 21 Sep 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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100 sats \ 0 replies \ @nomainvest 21 Sep
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.
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5 sats \ 2 replies \ @knorozov 21 Sep
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...
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0 sats \ 1 reply \ @stack_harder OP 21 Sep
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
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0 sats \ 0 replies \ @knorozov 22 Sep
They have better demographics, are healthier, very smart and less hysterical and confused. And they can still recognize communism. They're gonna be fine.
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32 sats \ 2 replies \ @zx 21 Sep
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.
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0 sats \ 1 reply \ @wingalt 23 Sep
Finally an interesting headline! That would hopefully start a long series of politicians doing time and stop looting the people for some time
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0 sats \ 0 replies \ @stack_harder OP 23 Sep
the polish MP sounds like a stacker news regular lol
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32 sats \ 2 replies \ @Undisciplined 21 Sep
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.
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22 sats \ 1 reply \ @stack_harder OP 21 Sep
do you think they would keep the euro or switch back to a national currency ?
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21 sats \ 0 replies \ @Undisciplined 21 Sep
I think they'll most likely switch back to a national currency first, but ultimately dollarize when that fails.
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1 sat \ 1 reply \ @draoi 21 Sep
I don't think the EU is going to break up anytime soon. People like their freedom of movement and trade.
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0 sats \ 0 replies \ @knorozov 22 Sep
ROFL
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0 sats \ 0 replies \ @JesseJames 21 Sep
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.
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0 sats \ 0 replies \ @LowK3y19 21 Sep
I think E.U. is done for it had a good run
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