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I agree that a financial collapse is likely within six months or less. And I agree that it could destroy the EMU and the Euro, if not the EU and its existing institutions. Unless it is planned there will be chaos. That is where preparations for a controlled collapse are vital. And that is precisely what an alternative monetary union, even with only two continental members, Greece and Italy, would be key. Island members would join immediately and other continental EU members would come under immediate pressure to join. The economic advantages will be immense, and a SEURO union will provide a left-compatible alternative to the probable right wing dystopia that otherwise will likely come to pass. Once triggered the process would be one of massive political jujitsu driven by events and economic pressure.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Aug 25th, 2016 at 02:22:38 PM EST
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