Do you have to be a European to believe the Euro is not all but dead?
And does the head in the sand approach mean greater problems when it finally keels over? Some certainly think so.
TOP US military officer General Martin Dempsey has admitted he is ”extraordinarily concerned” about the euro’s survival, pointing to potential civil unrest and the break-up of the European Union.
”The euro zone is at great risk,” the chairman of the Joint Chiefs of Staff said, giving the strongest indication yet about the depth of Washington’s concerns over Europe’s financial tumult.
”We are extraordinarily concerned by the health and viability of the euro because in some ways we’re exposed literally to contracts but also because of the potential of civil unrest and break-up of the union that has been forged over there,” General Dempsey said.
I can’t help feeling that if the US are getting the Joint Chiefs of Staff involved they’re very, very worried over there. We all know that Americans aren’t allowed to die for any reason at all any more, and there are many tens of thousands of them in Europe at any one time. Warnings from economists may carry the weight of expertise but when a major power’s military starts talking about it it sounds like someone somewhere now expects the worst.