From ‘rugfish’ on The Home of The Green Arrow. http://tinyurl.com/344s5mm
It may be sooner than you think, that the age of reason will return to European politics before long but certainly before the turn of a new decade. If I was a gambling man presented with the options of complete break up, a two tier system, an Anglo – French – German – alliance, or a new alliance of sovereign nations working together in a co-operative trading union as friendly neighbours, then I think I’d have to go with the latter but it’s anyone’s guess as to precisely what will happen.
How do I know this?
Well I’m guessing of course as I’m not psychic, I’m just a normal human being who understands that when a secret is out, that it doesn’t take long for people to question, mistrust those who kept the secret, and eventually threaten to walk away shaking their heads in disbelief.
So when I read this today when the unelected cardboard cut out politician, EU President Van Rumpwinkle admitted that the people of Europe were conned into accepting a single currency, it sent my EU alarm ringing until it fell off the desk.
This is how it goes….
“Van Rompuy admits citizens were misled about the euro”
The Telegraph reports that EU Council President Herman Van Rompuy has admitted that the “man in the street” was misled about the true economic and political implications of adopting the euro. “Nobody ever told the proverbial man in the street that sharing a single currency was not just about making peoples’ lives easier when doing business or travelling abroad, but also about being directly affected by economic developments in the neighbouring countries,” he said on Tuesday evening. “Being in the ‘Euro zone’ means, monetarily speaking, being part of one ‘Euroland’.”
He added that “We are clearly confronted with a tension within the system, the ill-famous dilemma of being a monetary union and not a full-fledged economic and political union. This tension has been there since the single currency was created. However, the general public was not really made aware of it.”
The article cites Open Europe’s new briefing, “They said it: How the EU elite got it wrong on the euro”, and quotes Open Europe’s Vincenzo Scarpetta saying, “The euro zone crisis is not simply about economic failure but also a breakdown in trust between the political class and European citizens. The EU elite simply got it wrong on the euro.”
Meanwhile, in an interview with Süddeutsche Zeitung, Commissioner for Budgets Janusz Lewandowski said, ahead of his talks with Chancellor Merkel and German Finance Minister Wolfgang Schäuble, “I want to see to what extent [German] public opinion has changed his mind about European aims [...] Germans have clearly become more eurosceptic: they believe they must pay for other EU citizens’ mistakes and good life”.
Ah, I bet you’re thinking what’s that got to do with the break up of the EU right?
Okay, I’m either completely off my rocker, I’ve spent far too much time in the garden, I’ve been studying EU lies too long, or I’m completely normal like you and I can see the riots in Greece, and protests throughout the EU, which tell me that people are not happy.
They are striking about anything from the price of bread (cost of living), to immigration, to retirement ages, austerity measures, layoff’s, unemployment, capitalist b’stards who take your eyes out, climate change, aid to foreign countries, GM crops, babies being aborted, babies not being aborted, the age of consent for homosexuals, Islam, oh….and 1,001 other reasons to display why they are totally sick with their governments.
But even with all that I can boil it down to economics as to why the EU will fail because a single currency with fluctuating markets, is quite impossible to hold together unless you have one political system.
It may have dawned on people for instance that Germany and France make most cars as an example, and that Germany has the steel production and Poland is still digging coal whilst some French cars are made there to help keep Poland’s economic head above water. It hasn’t gone unnoticed by French car workers who are out of work either. But there are twenty seven different retirement ages across Europe too, along with mass immigration into every country where jobs are scarce, car workers are out on their ears, and are presumably being told their skills are no good when they apply for that job taken by a foreigner.
It’s another story of course when you look at where the biggest problems lie in Greece, Spain, and Portugal, which just happen to be major holiday and retirement destinations for many Europeans.
Certainly their economies took a major tumble on tourist trade along with their construction industries which are seeing massive areas of empty tables in one time busy resorts, and half built yet vacated properties which were once intended to fund their economic expansions.
So Greece borrowed in order to sustain its economy and Spain has just seized two banks which would otherwise fail for reason of defaulted property loans, owing to…..a lack of ability to meet mortgage payments on….property. (Add retiring Brits to that).
So the sensible thing to do of course would be for Greece, Spain and Portugal, and possibly Italy, to create another currency for markets built not on industry but on tourism.
e.g. Like the Lira, Peseta and Escudo for instance…..like they already had before they were ‘conned’ into accepting a single currency.
It would make sense to do this of course before the entire economy of Europe collapses under the weight of debt which cannot be repaid without an industrial base and plenty of customers, or a restoration of tourist trade. But when the rest of Europe is NOT making its citizens more wealthy for reason their jobs, educations and services are taken up – by foreigners -, and there’s a rather sizeable cost incurred for that along with the 20 million illegal immigrants in Europe, then something has to give quite quickly if the EU single currency is not to fail entirely.
Perhaps that is one reason why investors are buying dollars instead of Euro’s, and why the Euro is tumbling in value but as I say, I’m only guessing.
What do you think?
Oh, by the way don’t go asking Cameron or Clegg, because one hasn’t a clue and the other has that many EU stars in his eyes he can’t see the EU wood for the EU tree which is about to hit him.
