Finns Prepare for Worst Case: “We have to face openly the possibility of a euro-break up”
The Daily Sheeple
August 16th, 2012
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Three years ago any suggestion that the European Union could potentially break up as a result of the global and economic financial crisis would have been met with widespread criticism and charges of fear mongering.
Today, it’s quite apparent that this is exactly where we’re headed. Many leaders throughout Europe are now considering what they would do should things get so bad that they are left with no choice but to start dropping countries from the European economic union.
The Nordic state is battening down the hatches for a full-blown currency crisis as tensions in the eurozone mount and has said it will not tolerate further bail-out creep or fiscal union by stealth.
â€śWe have to face openly the possibility of a euro-break up,â€ť said Erkki Tuomioja, the countryâ€™s veteran foreign minister and a member of the Social Democratic Party, one of six that make up the countryâ€™s coalition government.
â€śIt is not something that anybody â€” even the True Finns [eurosceptic party] â€” are advocating in Finland, let alone the government. But we have to be prepared,â€ť he toldÂ The Daily Telegraph.
â€śOur officials, like everybody else and like every general staff, have some sort of operational plan for any eventuality.â€ť
Mr Tuomiojaâ€™s intervention is the bluntest warning to date by a senior eurozone minister. As he discussed theÂ crisis, the minister had a copy of the Economist on his desk. It had a picture of Angela Merkel, the German Chancellor, reading a fictitious report entitled â€śHow to break up the euroâ€ť, with a caption: â€śTempted, Angela?â€ť
â€śThis is what people are thinking about everywhere,â€ť said Mr Tuomioja. â€śBut there is a consensus that a eurozone break-up would cost more in the short-run or medium-run than managing the crisis.
This is going to happen. The Finns know it, the Greeks know it, the Brits know it, and even the Germans are finally realizing that they have failed to stabilize the system.
Expect a full blown European crisis magnitudes greater than what we saw in 2008. And look out once the break up begins. Violence, riots and even the possibility of widespread civil wars may once again be in Europe’s future.
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Contributed by Frank Drover of The Daily Sheeple.
Frank Drover is a co-editor and contributor for The Daily Sheeple, an alternative media hub for leading headlines, head lies, opinion, and commentary. Wake the flock up!
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