"In the years following the Euro Crisis of 2030, the balance of power in Europe changed drastically. Norway, with its tight confederation of states in Northern Europe, recovered from the crisis the quickest. For this reason, Norway became one of the most powerful states in Europe, and one of the most prosperous states in the world.
"In the settlements after the conflict, America was forced to pay reparations to Germany and the new nation of Prussia. The American people were unhappy (In fact, this is a reason that our current president has an aggressive foreign policy.) and tried to protest the reparations, but the case was thrown out of the World Court. Thus, the American people are still dissatisfied that their tax money is being sent to Germany and Prussia. As of 2053, $2 billion are being sent every year.
"A host of new alliances were formed after the Crisis. The most important was the formation of the New Kalmar Union, led by Norway, but alos comprising Denmark, Sweden, Finland, and Iceland. However, another alliance of note was the Franco-Scottish Alliance, formalized in 2032. America formed closer bonds with both Japan and Russia during this period. Lastly, the Prussian-Hungarian Alliance was formalized in 2038."
-From Washington and Jones'
World Civilization, 5th Edition,
Published 2053