Strikes and demonstrations over austerity measures have been sweeping across EU countries. Since the Irish financial crisis last month, there have been growing fears of a spillover effect on other vulnerable European economies such as Spain and Portugal.
I propose that Spain or Portugal will need bail outs and at the point Germany will put it’s foot down and leave, putting even higher stress on the Euro. And as other countries leave the Euro it and the European Union will collapse. In the wake of the collapse, nationalistic ideas will take hold of some countries and once again Europe will have some scary ass government for the rest of us to deal with.
That is what I think will happen.