[nearmiss]

The European Union as we know it today will bust up. The charts above are unbelieveable and these kinds of irresponsibility cannot be sustained. It's just a matter of time until it breaks apart. It won't be a bad thing, except for the countries that will be excluded.

The PIIGS will go first, then...The PIIGS were broke (I mean broke) countries for generations before they were allowed into the EU. Their contributions to the EU have been marginal to negative since they were admitted.

I can understand the interest of the PIIGS countries to be apart of the EU. They have done more for their people financially by expanding debts (they never intend to repay). Those countries were in abject poverty prior to EU, and I'm sure their thinking is very different. So what if you go in debt and can never repay, at least you eat good and can live a better life for awhile. They'll never repay the debt. They'll make austerity measures and pander to the EU to continue to create more debt.

The greedy bankers think they will take the land and property of those countries to repay the debt... LOL Those are soverign nations, they'll just nationalize any bankers interersts. The sooner the EU kicks those countries out, the better for the EU.

The US doesn't have this option, because states that haven't made adequate contributions are grandfathered in since the formation of the US.