Martin Armstrong writes “In the USA the result of a federal budget and debt means that each state is on its own. Their budget is of no interest to Washington. In the case of the EU, each member state prints its own Euros – not the ECB. That means the EU Commission acts like a dictator applying the same rules to everyone regardless of the local social needs. This is why the Euro will fail. It is NOT a structure remotely similar to the USA despite they pretended it would reap the same benefit by just a single currency.
Eventually, Italy will be forced to choose between its people and the dictatorship of Brussels. That will be another whole level of political chaos next year.
Eurozone is finally going to be without its charismatic leader Angela Merkel who will step down from as CDU party leader in dec and as chancellor by 2021.