Tequila wrote:
Watch it.
Basically, is as follows: the citizens of the richer EU countries do not want to continue bailing out the poorer ones; residents of the poorer EU countries don't want to pay for the bankers' mistakes and have rioted amid severe austerity measures and 40% youth unemployment; EU is nakedly anti-democratic (as has been shown in numerous referenda); the electoral success in Finland of True Finns, etc.
"Support" in what sense?
Unified currency without unified fiscal policy seems now to be obviously foolhardy.
Greece, for example, is not just poor - it has horrendous fiscal policy, as evidenced by the Drachma.
It would have behooved the countries with sensible fiscal policy to block the entry of countries with lousy fiscal policy until they had fixed their own systems.
And even then, they should still have a single fiscal policy within the EU.
What the Germans don't seem to understand is that it is Germany that loaned Greece the money that Greece can't pay back, and if Greece is not saved it will be Germans who take the brunt of it.
One option is bad, so is the other. They should pick the one that is less bad. Which is essentially what the USA did with it's bad banks.
Not that US fiscal policy is any good either.