With Europe on the brink of economic collapse, Germany’s Prime Minister, Angela Merkel, predicts severe consequences if the EU does not act to prevent economic implosion:
“Nobody should take for granted another 50 years of peace and prosperity in Europe. They are not for granted. That’s why I say: If the euro fails, Europe fails,” Merkel said, followed by a long applause from all political groups. “We have a historical obligation: To protect by all means Europe’s unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail.”