That helps, but doesn’t change the underlying issue. If a country asserts its sovereignty, what recourse does the EU have?
None.
The EU was destined to fall — it is just happening a little sooner than anyone thought.
EU = Articles of Confederation
Can’t disagree. We’re on the same side. :-)
The **EMU** is a different matter entirely, and is doomed, probably sooner than later. Eurocurrency will fail generally for the **lack** of economic cohesion among the economies of the assorted member nations. Imagine if Texas were broadly capitalist, California broadly socialist, NY broadly crony capitalist, North Dakota broadly mercantilist, and so forth, to a greater degree than today. That's what you have today in the economies of Wonderland (my private name for the Eurozone).