They felt so rich that it made them complacent and they wanted to buy friends.
But they were never truly wealthy, they just kept their future financial obligations off the official books. And now people are retiring and the checks are coming due and the money has been spent.
Their new friends won't help them. Their new friends don't even like them.
Wise words indeed. I left Europe 15 years ago and it's just sad to see it and how many of my relatives and former friends ignore the facts. Printing money has just become the new normal. I don't even go visit my country anymore.
We left for the USA and came back for personal reasons. We're planning on staying, this time.
Isn't the US on a similar path with their own border and debt crisis?
Yes, but the cultural and language differences between the natives and the (Latino) immigrants there is less of a hindrance to eventual successful integration.
European countries will lose cohesion faster and stay that way for longer because of the larger gap.
Although, odd things are reportedly happening on the American border, now, with a surprising number of refugees reported from other continents. So, they may end up in the same quagmire.
I agree. Thank you for this exchange of opinions.
