The Decline and Fall of the European Union

[Kakmakr]

National sovereignty is one of the main reasons why a single global Crypto currency would fail. Everyone is talking about Bitcoin conquering the world and having a single reserve currency, but that is just a pipe dream in my opinion.

You cannot have a single reserve currency and have 200 smaller nations bad economic decisions pulling down the stronger nations, making the good decisions. I see a future where every sovereign country would have it's own government backed Crypto currency or Blockchain based technology. 

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[NathanJB]

National sovereignty is one of the main reasons why a single global Crypto currency would fail. Everyone is talking about Bitcoin conquering the world and having a single reserve currency, but that is just a pipe dream in my opinion.

You cannot have a single reserve currency and have 200 smaller nations bad economic decisions pulling down the stronger nations, making the good decisions. I see a future where every sovereign country would have it's own government backed Crypto currency or Blockchain based technology. 

That is what is going to happen when the fiat system will finally succumb to the new blockchain technology. Even at this point, we can see how the future holds. China is announcing that it will also be creating its own digital currency. But what will not happen is these national sovereigns adopting Bitcoin or any altcoin as their national currency. But it is possible that Bitcoin is going to become a de facto global currency.

[abhiseshakana]

This is a fact that if we all unite hands and work for the betterment of the world. World is not going to be ruled by animals, it is meant to be ruled by humans. World was made so that we all humans can live in  harmony and peace but few cruel people simply want to rule others and this is the reason we have this super power thing in the world hurting all countries.

All countries must help one another in world peace because without war stability will be maintained. Talking about unity means talking about sacrificing the interests of one country for the common good

The issue of the dissolution of the European Union was widely raised after the 2016 British referendum which decided to leave the European Union (Brexit). Talking about international politics will not be separated from the theory of national interests and geo-political geostrategic issues. Members of the European Union consist of 28 countries, which means 28 interests and each has a strategy, there are no eternal friends and opponents, only eternal interests. As long as the European Union is considered to benefit the interests of each country, its members will certainly survive.

I think the European Union is concentrated on trade and economics. In a simple calculation is a matter of profit and loss. Although the economic condition of the European Union is experiencing a slowdown due to the effects of the sluggish global economy. This is proof that the European Union does not have the bargaining power to fend off this problem.

The problem of Turkey's membership proposals that are not protracted is also a matter of division. Geopolitically and Geo strategically, Turkey's position is very important for the European Union because Turkey is Europe's buffer and liaison with Asia. Turkey's military action to the Syrian border which is controlled by the Kurdish military has become a slap for the European Union countries on the importance of Turkey's position. The European Union condemned Turkey's military attack but failed to embargo on Turkey because of the threat of the President of Turkey who will open shells of refugees to the European Continent if an EU country condemns Turkey. Turkish predecessors claim that Kurdish militants on the Syrian border are supported by the US military. Evidenced by the US Government to withdraw its troops from Syria.

The latest failure of the European Union is the loss of its great ally the United States since President Donald Trump came to power. America with its America First policy immediately ignores its old ally, Europe

[BitHodler]

China is announcing that it will also be creating its own digital currency. But what will not happen is these national sovereigns adopting Bitcoin or any altcoin as their national currency. 

Of course they won't adopt any decentralized currency, why else would they spend so much time and money on research of the creation of their own digital currency? It wouldn't make sense at all.

I consider countries not adopting Bitcoin to be a good thing---it means that in case some large countries are in conflict with each other, Bitcoin won't be attacked in an attempt to damage the country that adopted it.

The more distance there is between governments and Bitcoin the better. I see a lot of people hope that governments will choose Bitcoin as their currency, but there are more cons than pros to it.

[Lucius]

~snip~

EU is too weak to do anything about Turkey, and at the same time, Turkey is blackmailing the EU with the millions of refugees it holds under its control. But Turkey's military operation actually benefits the EU, because Turkey plans to create safe zones in northern Syria and move most refugees to those areas. But as we can see, official Damascus joins Kurds in defending their borders with Russian support, which only opens up the possibility of a major military conflict.

It is not true that EU is failed completely with imposing an embargo on weapons, some countries do that (Netherlands, Finland, Sweden) and others countries follow EU governments limit arms sales to Turkey but avoid embargo

I think Europe is still important to the USA as an essential ally, although the number of their soldiers dropped significantly, but there is 38 000+ of them only in
Germany and total 65 000 all over Europe.

It's no secret, though, that official US policy with Trump has largely backed the UK's exit from the EU, because they want to maintain the status of the most powerful nation in the world, and one way is to weaken the EU and China, what is exactly going on with more or less success.

[alyssa85]

The UK has such a big economy that Brexit means the EU's GDP will shrink by 16%.

There are 27 countries left in the EU, and of those only five are net contributors. So the strain on those economies to fill the financing gap left by the UK will be immense.

We shall find out in the next recession whether the EU survives or not.

[sana54210]

I'll try to outline the european union's current status quo. Would be curious to know whether people agree or disagree with my portrayal.

Imagine that greece is represented by a ship. The ship that is greece strikes an iceberg which damages its economy, it begins to sink. Another ship known as great britain lashes itself to greece to temporarily prevent greece from sinking into economic depression. This presents a form of temporary relief and economic stability for greece but the underlying problems go unaddressed and unresolved.

Over the long term, is it inevitable that the ship known as greece will sink and drag the ship known as great britain into the cthulhu infested abyss with it?

That is my question and my main concern with the european union. Can it be relied upon to fix real issues and address economic concerns.

Well, using the same analogy, the idea would have been that there would be 28 ships all tied together, not really side by side stuck together situation but at least with a good long rope, which would mean that any ship, which could be Greece, could get hit by an iceberg but that means 27 other ships would carry their loads to carry Greece out of sinking possibility, all ships carrying their load depending on the size of the ship, eventually while they are not sinking the Greece ship would fix their holes and carry out the water they got in and be back in perfect conditions and not need help anymore, in turn when another ship gets hit, Greece will be able to help. That didn't happen of course, they thought it would but didn't, whoever got hit by iceberg realized they are carried anyway so they didn't cared to fix anything.

[teosanru]

I think these decline and falls stories just keep on coming and going away. I have heard a lot of stories  since my childhood about how the fiat is a fire which will burn the whole world. First got this idea from a guy claiming that fiat will end and digital gold will come and this would happen in 2016 then came the Crypto wave which said countries will fall apart. I think all this is not happening anywhere in the near future. Moreover I think this is more of a political issue than an economic issue.

[beerlover]

Let's not overreact just because UK had a little fall off with EU, they were never really fully involved anyway, they had their own currency whereas everyone else moved to Euro for example.

The European block is not quite strong but it never was, people who thought Europe as a whole thing where nations pick their representatives and nations were ruled in one EU committee were always wrong, your own politician that you pick as president (or prime minister) has always been your ruler, there was some rules that needed to be followed of course but it was always people electing the politicians with the most power in that nation.

If people elected the most corrupt and idiot politicians out there then there is nothing EU can do and it is irrelevant to EU because nothing has changed about their rules for the 20 years, so if EU is the same for 20 years, any change must be coming from the nations.

[styca]

It;s true only until these 'nationalists' need to clean their own toilets or do any other low-qualified job. What do you think is the percentage of French, Germans and UK's in areas like cleaning, truck drivers, seasonal workers for picking up the crops? I can tell you - close to zero. All western countries are highly dependant from non-western workers in too many areas. If UK initialise a 2nd referendum for Brexit, they will never quit. Because after the 2nd, somebody will want 3rd, 4th and so on.

Totally agree with you that migrant workers perform the low-paid and undesirable jobs. In the UK they also perform a lot of highly skilled jobs, particularly in the NHS. I can't stand the sense of entitlement from rabid nationalists who complain about foreigners who actually contribute far more to the economy than the nationalists do, as well as performing vital services. I couldn't care less where someone happened to be born. You can be a good, hard-working person no matter where you're from or what language you speak. Equally you can be a lazy good-for-nothing bigot no matter where you're from. The person is the important thing, not some accident of birth that means you "belong" to a given nation.

For anyone who's interested and hasn't seen it before here's a link to one of the UK's best satirists talking about nationalism and immigration. 5 minutes long but worth a watch.

[redsun114]

Only if humanity will unight we will be able to do great things. I support EU

This is a fact that if we all unite hands and work for the betterment of the world. World is not going to be ruled by animals, it is meant to be ruled by humans. World was made so that we all humans can live in  harmony and peace but few cruel people simply want to rule others and this is the reason we have this super power thing in the world hurting all countries.

Until we ourselves starts to accept that the Almighty God has already given us the dominion over our things personally before we can get to that stage where we have to start correcting some of these super power things, and like you said, we have so many animals in the world in form of human being and they are the ones that would like to rule us, which is also why our financial system is really not favoring us that much and if someone has great as Satoshi has really create d a system that will assist.

I see no reason why we should not embrace it fully, but instead, we still have some of those humans also who are super rich discouraging people through the way that they manipulate the market, so I am really wondering how we are going to eventually get this freedom that we deserve.

[NathanJB]

Only if humanity will unight we will be able to do great things. I support EU

This is a fact that if we all unite hands and work for the betterment of the world. World is not going to be ruled by animals, it is meant to be ruled by humans. World was made so that we all humans can live in  harmony and peace but few cruel people simply want to rule others and this is the reason we have this super power thing in the world hurting all countries.

Until we ourselves starts to accept that the Almighty God has already given us the dominion over our things personally before we can get to that stage where we have to start correcting some of these super power things, and like you said, we have so many animals in the world in form of human being and they are the ones that would like to rule us, which is also why our financial system is really not favoring us that much and if someone has great as Satoshi has really create d a system that will assist.

I see no reason why we should not embrace it fully, but instead, we still have some of those humans also who are super rich discouraging people through the way that they manipulate the market, so I am really wondering how we are going to eventually get this freedom that we deserve.

Was there ever a time when there is unity among men? There was none. Even in the smallest unit of the society, inside the family, there is not even unity. How can we envision it to a larger scale as to the entire world? This is not going to happen at all. Unity is only a concept. That is something we cannot find in the hard world. If there is unity, there would not have been wars, colonization, poverty, discrimination, injustice, and so on.

[TheGreatPython]

Was there ever a time when there is unity among men? There was none. Even in the smallest unit of the society, inside the family, there is not even unity. How can we envision it to a larger scale as to the entire world? This is not going to happen at all. Unity is only a concept. That is something we cannot find in the hard world. If there is unity, there would not have been wars, colonization, poverty, discrimination, injustice, and so on.

This is why we are also humans and are created imperfect, there is no human being that can ever achieve such thing naturally without having some people to actually talk to them, teach them and even control them, which I think that it is even the lack of understanding of some certain things that do lead to some of these attitude most humans out up and I wonder what our religious leaders are actually teaching?

It is still part of the efforts from the side of our great leaders that all these European unions and the rest are being formed to actually create unity among men, but some of our religious leaders that ought to be preaching this unity too among men are just busy taking advantage of the gospel to collect money from people and preach more of prosperity than they preach about unity.

[Brunus]

The Euro is a failure because it is the very idea of Europe that is failing: bringing together peoples with different languages and cultures, which historically have always made war, which have a very different economic capacity could not give any other result.
On the other hand, it is probable that without the euro every European nation would have been crushed between America and China, so perhaps the Euro is the lesser evil.

[Wintersoldier]

I don't think the European Union will easily collapse when there are too many powers. Although the UK has left the EU, there are still the United States, France, Italy, ... countries with very developed services and relatively high GDP.
Even if there are many FUDs about this association, I still believe that they will not easily collapse. The EU actually creates important bridges in trade between countries.

If we are going to look at the future events that might happen whenever in case European Union collapses due to issues, we can somehow say that there will be a huge replacement of organization that will unify not just the strong nations with great powers, but all of the nations around the world. In this case, cryptocurrency will play a major role in making this even possible. With the issues related to finance and economy, crypto might be the next line of technology. Going back to the topic, European Union isn't just focused on financial aspect, but in a whole economic scope. 1 country such as UK that left the EU will impact greatly to the EU as we all know, UK is one of the most powerful.

[boltz]

We're gonna feel all this storm that was creating on European Union in the next coming years follow by a fall of EURO currency, Germany will no longer give BIG loans to underdeveloped countries ( like mine ) because they have almost null chances to get back their money so all the countries that are currently in a debt to Germany will have to suffer in the next years. About BREXIT , honestly they were never felt that they belonged here so this might be the right call in the end but its all how the manage the exit in the end so lets not rush with prediction and see what next years will bring...I doubt there will be good things though.

[BartS]

The UK has such a big economy that Brexit means the EU's GDP will shrink by 16%.

There are 27 countries left in the EU, and of those only five are net contributors. So the strain on those economies to fill the financing gap left by the UK will be immense.

We shall find out in the next recession whether the EU survives or not.

Even if the European Union survives the next recession I do not think of this as a signal that it will not disappear in the future, the European Union has been destined to fail from the beginning

It is going to be impossible to try to unite Europe when they have so many differences when it comes to their economies and as time passes the citizens of those countries are getting angry that many of the decisions are not being taken by elected politicians in their countries.

[stompix]

It is going to be impossible to try to unite Europe when they have so many differences when it comes to their economies and as time passes the citizens of those countries are getting angry that many of the decisions are not being taken by elected politicians in their countries.

Lols...

This was Italy 5 centuries ago:

This was Germany:

Do you know how Japan looked before Nobunaga?

People learn to co-exist when there are advantages, apart from some that believe leaving alone on an island is better for them, most people know that all the proverbs about strength in numbers are true.

Whatever England (I'm deliberately not using UK) thinks, the EU is still pretty good tied up and no matter how hard others are trying to dismantle it because they are scared shit of a united Europe they won't be able to do more harm than this.

Brexit hasn't failed - they negotiating a deal as we speak and it's likely it will get agreed by parliament next week.

Oh really? 

[alyssa85]

National sovereignty is one of the main reasons why a single global Crypto currency would fail. Everyone is talking about Bitcoin conquering the world and having a single reserve currency, but that is just a pipe dream in my opinion.

You cannot have a single reserve currency and have 200 smaller nations bad economic decisions pulling down the stronger nations, making the good decisions. I see a future where every sovereign country would have it's own government backed Crypto currency or Blockchain based technology. 

This is exactly the problem with the eurozone. They're squabbling about who is pulling down whom, and there is very little trust between them. And to share a currency you need a lot of trust.