Difference between revisions of "The Blame Game"
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=The scenario= | =The scenario= | ||
The year is 2030 and the European Union is only a shadow of its glorious past. The region is still feeling the impact of the 2009 financial crisis which | The year is 2030 and the European Union is only a shadow of its glorious past. The region is still feeling the impact of the 2009 financial crisis which led to a depression in Europe.<br/> | ||
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The billions of Euro pumped into the financial market by the richer nations, helped the economy to stabilize in the beginning 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. After all, each country had its own problems to cop with.<br/> | The billions of Euro pumped into the financial market by the richer nations, helped the economy to stabilize in the beginning 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. After all, each country had its own problems to cop with.<br/> | ||
Revision as of 20:11, 2 October 2009
The scenario
The year is 2030 and the European Union is only a shadow of its glorious past. The region is still feeling the impact of the 2009 financial crisis which led to a depression in Europe.
The billions of Euro pumped into the financial market by the richer nations, helped the economy to stabilize in the beginning 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. After all, each country had its own problems to cop with.
The EU was also unable to sustain subsidising the lesser developed member states. This caused wide spent resentments among member nations. With rising unemployment levels and falling standards of living, member nations turned their focus inward and adopted more socialistic practices.
People started re-looking at their identity. Till that time they believed in a unified EU, but as the EU was not able to keep the ship afloat, richer members considered the option of being the first to part ways so that they could be able to serve their people better.
That was the beginning of the desintegration.