Debt was a cohesive force in the early years of the European common currency union, as have-less countries saw their standards of living rise. In truth, this was being purchased with unsustainable levels of borrowed money, however, so that same debt is now a divisive force driving financial strain throughout Europe and much of the world.
For more perspective, this comedy sketch does a good job of underlining the farcical reality of the current financial structure. Who’s on first?
If you ever thought the E.U. has a future watch this!! Brilliant! pic.twitter.com/es0VqaARgi— John Smith #standupforbrexit (@Smithbroth1) February 2, 2019
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