The 27-nation European Union is hanging by a thread like a loose tooth. For months now, we have been warned weekly of impending doom and gloom if the euro is not saved, if Spain, Greece, and Italy are not bailed out by the European Central Bank and if France and Germany do not cooperate and agree to pay even more to the bankrupt southern EU membership who refuses to alter their generous socialist programs expenditures and the way they approach fiscal policy.

Read more: Bureaucrats of EU and Global Governance.