Phoenix Capital Research: The EU Has Broken UP

I've often been labeled as "Gloom and Doom" in the past, but the situation in Europe today is beyond anything I've ever seen before. It is highly likely that the EU will not exist in their current form by the end of this year. I realize some of this may sound overly dramatic. But the following should give you an idea of how serious things are getting. Germany and France's joint proposal to allow Schengen zone countries to temporarily reintroduce border controls as a means of last resort might sound harmless. But doing so would damage one of the strongest symbols of European unity and perhaps even contribute to the EU's demise. Germany and France are serious this time. During next week's meeting of European Union interior ministers, the two countries plan to start a discussion about reintroducing national border controls within the Schengen zone. According to the German daily Sueddeutsche Zeitung, German interior Minister Hans-Peter Friedrich and his French counterpart, Claude Gueant, have formulated a letter to their colleagues in which they call for governments to once again be allowed to control their borders as "an ultima ratio", that is, a measure of last resort, "and for a limited period of time." They reportedly go on to recommend 30 days for the period. Granted, the Schengen system is not perfect. With the EU's eastward expansion, its external borders have become more porous. The problem areas are well known: Greece doesn't sufficiently guard its border with Turkey, and Italy simply allows refugees through to continue their journey into neighboring countries. Doing so violates the Schengen Agreement, which stipulates that immigrants have to be taken care of by the country in which they arrive.