{"id":20968,"date":"2016-06-05T17:54:52","date_gmt":"2016-06-05T22:54:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20968"},"modified":"2016-06-05T17:54:52","modified_gmt":"2016-06-05T22:54:52","slug":"the-specter-of-a-break-up-is-haunting-europe","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20968","title":{"rendered":"\u201cThe Specter of a Break-up Is Haunting Europe\u201d"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2016\/06\/05\/eurocrats-turn-on-each-other-internal-strife-divisions-in-euro-land\/\">\u201cThe Specter of a Break-up Is Haunting Europe\u201d<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><strong>Internal Strife and Divisions Blossom in Euro Land.<\/strong><\/p>\n<p>Since the Eurozone\u2019s sovereign debt crisis began, in 2010, Europe\u2019s leaders have faced a\u00a0Herculean task: keeping the rickety European edifice intact.\u00a0Now, five years later,\u00a0there are much more ominous signs of wear and tear. Everyone\u00a0is focused on the dire threat posed by a vote later this month for British exit from the Union, but Brexit is just one of a dizzying constellation of threats and challenges the EU faces.<\/p>\n<p>The sovereign debt of many nations on the EU periphery has reached wholly unsustainable levels. Some of the continent\u2019s biggest banks look increasingly shaky. And core nations are witnessing an intensifying public backlash against further bailouts and the EU\u2019s mishandling of the immigration crisis.<\/p>\n<p>Things have gotten so bad that even the\u00a0<a href=\"http:\/\/wolfstreet.com\/2016\/04\/14\/eu-breakup-brexit-fears-so-bad-even-eurocrats-worry\/\" target=\"_blank\">staunchest of eurocrats are beginning to express doubts<\/a>. Many people have lost trust in \u201centire institutions, whether national or European,\u201d lamented European Parliament Chief Martin Schulz. He warned over a possible \u201cimplosion of the EU\u201d due to the blossoming Euroskeptic movements in member states.<\/p>\n<p>Now, the eurocrats are not just falling into despondency and despair, they\u2019re beginning to turn on each other.<\/p>\n<p>European Commission President Jean Claude Juncker tried to convince a hall packed with French mayors of the need for austerity\u00a0<em>\u00e0 la carte<\/em>\u00a0in France. The linchpin of his argument was that France has been allowed by the Commission to repeatedly break Eurozone fiscal rules, not just due to its size and influence over EU policy but also its \u201creflexes, its internal reactions, its multiple facets\u201d \u2014 an oblique reference to the tendency of its workers to bring the national economy to a halt whenever the government introduces measures that are not to their liking,\u00a0<a href=\"http:\/\/wolfstreet.com\/2016\/05\/31\/tourism-crushed-in-france-due-to-labor-unrest-terror-attacks\/\" target=\"_blank\">as is happening right now<\/a>.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe Specter of a Break-up Is Haunting Europe\u201d Internal Strife and Divisions Blossom in Euro Land. Since the Eurozone\u2019s sovereign debt crisis began, in 2010, Europe\u2019s leaders have faced a\u00a0Herculean task: keeping the rickety European edifice intact.\u00a0Now, five years later,\u00a0there are much more ominous signs of wear and tear. Everyone\u00a0is focused on the dire threat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[5582,93,5660,279,281,284,14006,1537,4255],"class_list":["post-20968","post","type-post","status-publish","format-standard","hentry","category-geopolitics","tag-brexit","tag-britain","tag-don-quijones","tag-eu","tag-europe","tag-european-union","tag-euroskeptic","tag-immigration","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20968"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20968\/revisions"}],"predecessor-version":[{"id":20969,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20968\/revisions\/20969"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}