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I can see a lot of protectionism from some countries and perhaps a usurpation of the EU regulatory powers.
Can Europe handle having everything under the sun being subject to free market rates of what the market will bear, keeping in mind the shenanigans of Wall Street and London's manipulation of LIBOR index rates?

I feel it will be much as the USA is run. Few will benefit immensely and the majority will see the cost of living double or triple every 10 years with wages being suppressed and the working class marginally better off than the welfare class. Only benefit being if they can save some money, can move away from the welfare class and become very low middle class on the socio-economic scale.