Like the USA, China and Brazil, the European Union is also deeply indebted and new money is being pumped into the market by the ECB (60 to 80 billion euros per month). Banks of Southern European countries fail and despite of European agreements, they are saved with tens of billions of new created money. Greece is reluctantly rescuing their 450 billion debt with new debts. Refugees and immigrants are flooding Europe and Southern Europe countries like Greece and Turkey get paid by the EU to hold up and harbor them as long as they can.
