The survey's findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in officeEuro 'Will Be Dead In Five Years' -- The Telegraph
The euro will have broken up before the end of this Parliamentary term, according to the bulk of economists taking part in a wide-ranging economic survey for The Sunday Telegraph.
The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey – the first major wide-ranging litmus test of economic opinion in the City since the election. The findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office.
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My Comment: A European Union with a common currency was always believed to be the way for Europe to go in order for it to break with its long history of wars and conflicts .... especially between its different European nation states. Unfortunately .... as the Euro crisis continues .... it is now being revealed that nation states with their own unique political/social/and economic cultures cannot change by simply joining some larger international organization.
If the Euro dies, the EU and the influence that it exercises will soon follow. Will wars and conflicts be the ultimate end game .... if history is any indication, wars and conflicts in Europe is something that I will never bet against.
