a HUGE issue with the EU and it has to do with Italy. I know the article is a little technical for many, so let me sum it up:
Italian banks are failing. Normal government actions to support and buttress the banks are outlawed by the EU. The bridge is sagging, but the rules prevent one from erecting a pylon to shore it up. Depositors are therefore getting hammered. And it will only get worse. So the only way to correct things is to ignore the EU (or leave). This leaving of the EU by anyone else after “Brexit” is the death knell for the EU regime–and maybe just ignoring the rules will do it. Maybe even just serious talk about leaving is enough. Can’t you see the walls are crumbling?
I had thought that the EU could survive if France and Germany stayed, but the whole edifice may be far more precarious than that. “Brexit” may well have just been the leading edge of the wave. If so, we are seeing the demise of the EU. France and Germany will do just fine, but many others won’t come through in current form.
I think it is extremely likely that the EU is a dead man walking. It’s like a game of musical chairs–no one wants to be caught without a seat when the music stops. So there is a real pull to grab a chair as soon as you can–early, if possible. Losing the game by being slow to jump is an existential threat, so the game is “hose down your neighbor.” The goal is to convince your neighbor to stay and then leave yourself! And once that “leave” ethic takes hold, the whole structure collapses in an instant–there is a mad scramble for a chair.
There becomes an almost overwhelming urge to grab a chair early because it means safety for you even though the action itself accelerates the collapse and damages someone else. “Being noble” and “being the victim” are one and the same in this situation. It is the classic “prisoner’s dilemma.” No one wants to be the last one and therefore left without a chair. The problem is that as usual, it is the trusting little guy who really gets hurt.