Infighting spreads to G7

Conflict is increasing, just as predicted by the socionomic model. In a sense, nothing has changed from the Why so serious? post from last year. Eurozone blamed by US for world's economic plight

But instead of the predicted economic debate, it emerged on Saturday that the bad-tempered meeting was dominated by American and British warnings that political failures and broken promises in the euro zone were in danger of triggering a wider crisis. "Seventy-five per cent of the dark things happening in the world economy are because of the euro zone," said a senior US official after a round of talks ended in the early hours of yesterday morning. The beautiful surroundings of the 19th century Palais du Pharo, overlooking the old port of Marseille, did nothing to soothe America's growing anger at the euro zone's inability over recent weeks to take the steps needed to prevent a full blown global economic crisis. "It was the principal cause of the slowdown we had last summer, and it's been a significant cause of the slowdown we've had this summer," said Timothy Geithner, the US Treasury Secretary.

Turbo is mad because the Europeans are going to get his boss fired.

The clashes at G7, which put Britain and the US together on the sideline as members of the European single currency struggle to resolve its internal contradictions, foreshadow an autumn of disarray within the EU. Their parliaments must ratify the plan for the new EU rescue fund, which is unpopular with many voters, especially in the richer countries. And just when scepticism among its population is at its greatest, there is finally a realisation among eurozone members that the only way to save the single currency may be a dramatic move towards more integrated economic governance.

Common sense says the bad economy and financial crisis are causing the declining mood, but this shows it's the reverse. There's still time for a delay, there are ways to save the euro if people accept the pain. Instead, the politicians at the top, who want to delay, who want to prevent a breakup or generational currency crisis in Europe, are fighting with each other. This is because social mood is driving the crisis! During positive/rising social mood, nations will come together to solve a problem. During falling/negative social mood, they will create problems! Why so serious? It's the social mood.