Difference between revisions of "The Blame Game"
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=The scenario= | =The scenario= | ||
The | The financial crisis in 2009 led to a depression in Europe. The billions of Euro pumped into the financial market by the richer nations in the EU, helped the economy to stabilize and it showed signs of recovery. But, the recovery was long drawn and the rich nations were not able to sustain the financial flow and started withdrawing the money released, to divert it to other economic requirements. The EU was also unable to sustain subsidising the lesser developed member states. This caused wide spent resentment among member nations. With rising unemployment levels and falling standards of living, member nations turn their focus inward and adopted more socialistic practices. People started re-look at their identity. At that point, the world believed in a sucessful unified EU, but as the EU was not able to keep the ship afloat, powerful members considered the option of being the first to part ways so that they were able to serve their people better. EU started to desintegrate. | ||
=Background Information= | =Background Information= | ||
Revision as of 20:01, 2 October 2009
The scenario
The financial crisis in 2009 led to a depression in Europe. The billions of Euro pumped into the financial market by the richer nations in the EU, helped the economy to stabilize and it showed signs of recovery. But, the recovery was long drawn and the rich nations were not able to sustain the financial flow and started withdrawing the money released, to divert it to other economic requirements. The EU was also unable to sustain subsidising the lesser developed member states. This caused wide spent resentment among member nations. With rising unemployment levels and falling standards of living, member nations turn their focus inward and adopted more socialistic practices. People started re-look at their identity. At that point, the world believed in a sucessful unified EU, but as the EU was not able to keep the ship afloat, powerful members considered the option of being the first to part ways so that they were able to serve their people better. EU started to desintegrate.