This Is Why The EU May Be Ultimately Hosed

Posted: June 9, 2012 in Business, Technology and Business
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I wrote some time ago how hard it will be for the European Union to coordinate… if for no other reason they all speak a different language!

The truth is, that barely scratches the surface… not only can these people not communicate freely with each other…

… but they operate in a totally different way… that is, live, work, eat, play, pray, etc.

Here’s a great example:

Retirement age is a deeply cultural thing.  And yet, it seems like all the countries in the European Union have different retirement ages!

How’s that going to feel… you working well into your golden years… to help pay off debts for others that retired well before you?

Not so hot.

This may be overly simplistic… but it feels like the EU needs some kind of reset.  Create Version 2.0.  They should create minimum requirements, like retirement age.  If a country doesn’t want the benefits associated with the union, they can choose to opt out.

Else… well, what Obama said the other day will be the least of their worries:

     “Imagine dealing with 17 Congresses instead of just one. That makes things more challenging.”

 

Update #1:  Wow… now they’re extorting each other… how’s this for “team play” from Mariano Rajoy, the Prime Minster of Spain?

     “We are powerful, and if they don’t give in, the whole thing will go down. It will cost Europe 500 billion if Spain goes bust, and then another 700 billion if Italy goes bust.”

 

Update #2:  Wow… this from Alexis Tsipras, front-runner in the Greek elections this weekend:

     “If they don’t give us the next loan installment, the euro zone will collapse the day after.”

 

All of this passion and consternation simply to get people to pay their own bills.  Scary.

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