Horrible Truth

As we continue to watch the bail out news coming from Greece and now Ireland...the "horrible truth" is maybe starting to dawn on the European Union.

The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict.

In a speech this morning, EU President Herman Van Rompuy (poet, and writer of Japanese and Latin verse) warned that if Europe’s leaders mishandle the current crisis and allow the eurozone to break up, they will destroy the European Union itself.

“We’re in a survival crisis. We all have to work together in order to survive with the euro zone, because if we don’t survive with the euro zone we will not survive with the European Union,” he said.

See it here; http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100008667/the-horrible-truth-starts-to-dawn-on-europes-leaders/

Of course we know a day is coming (maybe sooner than later) that the world will have one currency and one government. So it would only be logical to understand that the existing unions and currencies will need to be torn down first.

Interesting times.