Seismic Shifts
In this interesting article by Ambrose Evans-Pritchard, the spectre is raised of the European Union fracturing, due to the indebtedness of some of its financially weaker members.
In this particular case it is Greece that is in trouble – with it bond rates rising and with it the very real possibility of credit downgrade and debt default in the future.
This would have serious ramifications for the EU. And the financially stronger nations, lead by Germany, are not likely to want to bail out their poorhouse brothers.
Revolutions are made of this sort of stuff.
Categories: Geopolitics
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