This is the title of a BBC docu series about a series of crisises in the EU. I have blogged many times about the unstainability of the Brussels organisation. The BBC stories are about coughing up a trillion of Euros to keep the € afloat and pay for the highest pensions in Greece. And who paid the bills in the end. It raises ???? why Brexit is such a complicated matter. And why the EU sticks to its guns, in the end always finds a last minute solution.
Here what the BBC dug up about the turmoil inside the EU.
In 2010 the Euro was I a deep crisis and Brussels would have to find a Trillion to avoid that the stockexchanges would blow up the European dream valuta. All national banks were milked dry. Greece, Italy and other South European countries needed bailouts. If it would show that the EU would not be able to get the cash together the stockexchanges would drop the Euro like a hot potato. Normally Angela Merkel pays the bill but the German National bank had closed the tills. The 1st exchange to open on the next Monday was Tokyo. A last minute panic meeting was called in Cannes, even Obama had invited himself. If the money was not in the Brussels safe by Monday morning, Tokyo would start the killing of the Euro. Obama suggest to Merkel to empty her national bank not knowing that she had been shown the door the day before. Angela started crying and Barek had some making up to do.
Greece got its bailout and Brussels kept a clean sheet. When the EU members were asked for extra contribution, Alistair Darling, the UK exchequer refused. He said, we are not in the Euro, it is not our problem. Good boy.
In the years after Greece kept asking for more money, especially to raise their pension levels. The highest in Europe. The bailout was connected with severe austerity measures . Brussels refused and Athens threatened with a referendum. Yes, a sort of Grexit. The Greek governments were changing like a hookers knickers and Brussels never knew who they were talking to.
In the end it was again Angela who paid the bill and gave in to the latest Greek PM. Berlusconi got a warning from the EU but he said the Italian economy was strong but still needed EU money. He was sent home empty handed and had to resign.
During all those years Sarkozy acted like Napoleon and the EU presidents Juncker and Manuel Barroso always played the helping hand to countries in need.
The whole BBC story shows how eager the EU is to keep the business going, which means that there would be last minute concessions for the UK. However, I wouldn’t put my very modest Euro pension on it.

