2007 crisis aftermath experiences and follow-up lessons show us globalization effects, which build up the solid grounds for the most recent post-modern trajectory line of international politics. Nations' sovereignty is being slowly but successfully suppressed with obscure and blurred non-transparent hybrid financial-political instruments from the modern post-historic era. Globalistic state-interest representative authorities seem to become even better in the promotion of their experimental schemes, which put under dependence and centralized supreme domination whole nations.
Examples are piling up one after the other in nowadays' Europe, beginning with the reforms in Bulgaria in 1996-1997. The introduction of the Currency Board put an end to the national monetary policy discretion, pegging the Bulgarian lev to the D-Mark (and later to the Euro). Bulgaria's entrance into the European Union in 2007 could not introduce much of what has been expected with eagerness as real benefits for the Bulgarian economy, which was to become even more vulnerable to external shocks. And meeting the membership criteria meant nothing but a continuity of fragile and populistic governments, poor social and macroeconomic policies, lack of clear national development priorities, and last but not least, it meant maintenance of the statute of the poorest European member state.
On the other hand, the introduction of the highly respected single currency in Europe, seems to have introduced the historical level playing field for a sustained European affairs reformation, now being favorably multiplied by the effects of the Euro-zone members indebtedness problems. Ideally created to pursue unification, wealth and prosperity, the Euro-pact now shows another face in the powerful mechanisms of its central monetary authority. With Ireland, Greece, Spain and Italy examples for the modern world powers' allocations continue to pile up. Reformations in Greece are already on their way, promoting political and economic dependence, while social and politics unrest are already on their way to begin to slowly disappear in a desperate resignation. Italy and Spain will soon be the next entrants into the modern bail-out mechanisms.
So, who is next?
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