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The collapse of europe 2013
The European sovereign debt crisis began at the end of 2009, when the peripheral eurozone member states of Greece, Spain, Ireland, Portugal and Cyprus were unable to repay or refinance their government debt, or bail out their beleaguered banks without the assistance of third-party financial.
They only repeated the mistakes.
"If we want to have a common currency, a common Europe, we have to be ready to give up our hard-won habits That means we have to be prepared to accept big star entertainment awards 2015 hd full episode that in the end Europe has the final word in certain things.The UK referendum sent shock waves through the economy.Its name changed : formerly known as European Economic Community, it became European Union.Otherwise we can't keep on building this Europe To an extent, we have to jump over our own shadows.Photograph: Ian Waldie/Getty Images.While at first it seemed to be an economic edifice, it has proven to be a political edifice.It is supposed to be composed of independent countries, but countries that are part of it have a sovereignty that more and more limited.No one can know, of course, what Europe will look like in ten years.You learn that by the end, 80 of rules, regulations and laws in a union that had grown to 33 countries were made in Brussels, the body of EU law taking up 311,000 pages, double that of 2005, and weighing.5 tonnes.It is common perception that this movement has gained stronger roots during the debt crisis.Barroso argued strongly in two speeches this week that federalism was the only answer to Europe's crisis of finances and of confidence.It's hard to find evidence of optimism in what is often a tongue-in-cheek and ironic exhibition, sad, poignant and depressing.Aart de Geus, head of the Bertelsmann Stiftung, a German thinktank, also warned that the drive to surrender more key national powers to Brussels would backfire.Greece In early 2010 these difficult developments reflected in rising spreads on sovereign bond yields between the affected peripheral member states of Greece, Ireland, Portugal and Spain, and most notably Germany.