Sunday, September 14, 2014

NOT SO FAST


The idea that the European Union in its current state will survive may be naive. Besides many politicians now within the EU who are calling for an easing of the three percent GDP rules, there are others who want the EU dismantled entirely.

Some anti-EU groups have been gaining popularity. Catalonia and Scotland could also be bellwethers should they exit they current ties. If the ECB's latest magic fails to repair the EU's current ills, things could get interesting fast.

Alternative for Germany, founded last year with a platform of dismantling the euro area, was projected to take 12 percent in Brandenburg and 10 percent in Thuringia. The party, known as AfD, won its first state parliament seats in Saxony last month.


“This gives us huge momentum,” party leader Bernd Lucke said in televised comments. “We won’t just sit back and let the other parties spout their empty rhetoric.”

In a sign of a possible shift of the political landscape in Europe’s biggest economy, the AfD’s ascent mirrors the decline of the Free Democratic Party, a traditional junior partner of both Christian Democrats and Social Democrats. Merkel has ruled out alliances with the AfD, which failed to win seats in national elections on its first try last September

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