EU will stop existing in 40 years? “Long-run effect of the Euro is going to be to drive Western European wages down to Eastern European levels, and global competition for the export share with the Chinese.” : eupersonalfinance


https://www.youtube.com/watch?v=nwK0jeJ8wxg

This made me ask this question.

Eastern Europe won’t accept being left out, so they’ll be forced to left out, which will cause more division. Seems like all roads lead to the ending of the union within next 40 years.

Do you know any counter arguments to his argument, published by respected economists?



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