French PM: “Europe Is In Danger Of Falling Apart”
by Tyler Durden
ZeroHedge.com
Nov 17, 2016
Ignoring years of stagnation, economic deterioration, and an unprecedented unemployment rate, which remains stubbornly in the double-digits for countries like Greece, Spain and Italy, Europe appears to have finally woken up, shocked by the reality of Brexit and the Trump election, and has started with the fire and brimstone warnings. Case in point: French prime minister Manuel Valls, who speaking in Berlin, said that the European Union is in danger of breaking apart unless France and Germany, in particular, work harder to stimulate growth and employment and heed citizens’ concerns.
“Europe is in danger of falling apart,” Valls said at an event organized by the Sueddeutsche Zeitung newspaper. “So Germany and France have a huge responsibility.”
Translation: confirming what we have said for years, the ECB did nothing for the economy while propping up markets, refuting the long-running official narrative, and now it is time to actually focus on the people, ideally by launching a massive fiscal spending stimulus.
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