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US General: EU may face Breakup, Unrest

 
 
 
 
 
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US Chairman of the Joint Chiefs of Staff General Martin Dempsey

Chairman of the US Joint Chiefs of Staff General Martin Dempsey says the European Union faces potential breakup and civil unrest.

“The eurozone is at great risk,” the top US officer told reporters on Friday, expressing doubt about the practicality of the measures taken by European leaders.

Dempsey said it was not clear if the measures would be able to glue the European bloc together.

“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 breakup of the union that has been forged over there,” he pointed out.

The US general made the comments after EU leaders convened on Thursday and Friday to push tighter budget enforcement.

The marathon talks ended with 26 of the union’s 27 member states expressing willingness to join a “new fiscal compact” to resolve the deepening eurozone economic crisis.

But France and Germany failed in their joint attempt to reach a consensus to secure new budget rules in a new EU treaty, when non-euro member Britain refused to join the move.

Following the EU summit on Friday, German Chancellor Angela Merkel expressed regret for Britain’s split, but insisted that the EU leaders were determined to push ahead with the new treaty and use the economic crisis as a fresh start.

The International Monetary Fund (IMF) had earlier warned that France and Germany’s push for tough budgetary standards in the eurozone were not sufficient.

“It’s particularly appropriate that the European leaders and in particular [French] President Nicolas Sarkozy and [German] Chancellor Angela Merkel have decided that things have to really move, ” IMF chief Christine Lagarde stated.

The new treaty would aim to check the uncontrollable spending and borrowing that led to the debt crisis in the realm of the common currency. The namely Euro Security Mechanism will automatically penalize overspending governments.

“It’s not in itself sufficient and a lot more will be needed for the overall situation to be properly addressed and for confidence to return, to not only markets, but to investors, to consumers, to those (companies) that have to set out their strategies for the next two, three or four years,” Lagarde explained.

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  • Jack Longchamps

    Hey this guy really knows wger its at,
    they should pay him for his wise counsel.
    What a smegma-head.
    No unrest in the US ?
    People already too sheep-headed ?
    I can´t see how the US is better off except
    that everybody speaks more or less the
    same lingo of course.

    What does it matter who owes what to whom anyway ?
    The Poor owe the Rich, that´s where it´s at
    and thats where it´s always going to stay.

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    Rating: +3 (from 3 votes)
  • Vlad the Impaler

    so,fuck it this empire

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  • Nexus789

    Americans cannot help themselves in terms of trashing the world and then sticking their nose into everyone’s business or dropping bombs on them in the hope of stealing their resources and/or bringing ‘democracy’. As if the US is still a democracy…or was ever a democracy.

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  • Athanasios Pitsiorlas

    Strange and contradictory statement, in principle! Strange vis-à-vis the quality of the person that come out with it and the time that he did it; Contradictory because whoever truly fears of the European debt crisis passing to the other side of the Atlantic will not make statements like that. But, Americans are not naïve. The point is elsewhere. Have a look at the dollar euro exchange rate: 1,3384, Dec 09, 2011. Since 2003 euro has steadily recorded 1+ dollar. Not being able to succeed with the difficult and non- compatible Chinese they press the politically weak Europe. Americans never liked the idea or the reality of a common European currency. Now we see them using its Generals by microphone. Gen Dempsey is not concerned about Europe. He is concerned about America’s future due to the weakening international role and position of the dollar.

    Athanasios Pitsiorlas

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