CaspianReport

Will the European Union collapse? (2011x21)

: 05, 2011

The European Union is an ambitious concept but it was broken by the financial crisis of 2008. The financial crisis can be summed up as the aftershock effect of the Iraqi war and cheap money produced by the Federal Reserve, and mismanagement by international banks. But the financial crisis was also a test for the European Union, a test they failed. The crisis redefined the boundaries of the state and corporations. Aside economic consequences the financial crisis also had political consequences