The Real Story Behind The European Mess

Flag of the British Indian Ocean TerritoryImage via WikipediaThe market is sending strong signals.

The Europeans did the economic union thing, and they did the single currency thing. But they thought they all could still be all these various sovereign nations.

And the market is saying no to that.

The economic union and the single currency needed to be followed with a political union. The Europeans needed to work on that years ago. Not attempting a political union was a mistake. And the Europeans are paying a price.

And if they are not going to go for the political union the economic union is going to unravel. The single currency could fall apart.

This storm is major.
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