No relief for the Eurozone....
7 May 2013
...more appalling figures are out for the Eurozone and the bad news is set to carry on.
...more appalling figures are out for the Eurozone and the bad news is set to carry on.
The failed currency experiment continues to depress the Eurozone while also having a knock-on effect on other countries outside it such as the UK.
More and more previously Eurozone enthusiasts, in Europe, are changing their minds about the currency and these include some who were involved is its conception . Such examples of intellectual honesty from EU leaders is a rare thing and may, at this rate, become quite fashionable in a few years. While, in the meantime, people carry on being sacrificed on the altar of the European Federalist agenda.
The Eurozone will break-up eventually, the only real questions to ask are:
1/ Will it be peaceful?
2/ To what extent will it dissolve - will a currency union survive at all and if so to what extent?
3/ Will it take down the whole rotten fabric of the EU with it?
Right now the Euro is a real and present danger to peace in Europe.
- Tom: Are you suggesting that we should disarm the Mediterranean countries and prevent them from defending themselves? Are you suggesting that they have no right to purchase the weapons they decide they need to defend themselves? Do you suggest that we have a right to dictate their defence needs?
We are not a colonial power any more -we do not dictate what good they buy and 'burden them' as you put it. It is not our job to tell them what they want and need. It is only right that we respond to their needs and provide them with their needs, to refuse to do so would push them into sphere of influence of Russia or China.
Like all governments the most important function is the defence of the nation. - To the extent, the large extent, that Mediterranean countries have been encouraged to oversubscribe, yes.
I do not have the time to seek out news about the progress of current legal actions concerning bribery in matters of defence procurement in Greece, for one.
The National Indebtedness of the countries considered as on the brink of decoupling from the Euro is in part accounted for by this over-selling, by all means let them keep their vast and extensive military equipment that will not be paying for...and add that sum to the debt of the supplying nations:UK, Germany and France.
"we respond to their needs" more bunkum.
'We', as you almost admit, push arms sales for our own ends. - You are being very imperialist there Tom, not to mention highly patronising to the nations concerned.
It is a matter for them what arms they need, purchase and from whom to buy them. Likewise we have no place intefering with their economic decisions, however unsound, we have our own idiotic over-spending, over-taxing and over borrowing to worry about. - Should I be charging them for the 'spare' rooms that they have instead?
Or simply instruct them to yield-up 90% of their on-shore banking deposits? - it needs the other to join in and have the euro for currency.no squberling just get in there and get change and sign things off.
- The EU and the eurozone are a failed Babylon system.
D. Cameron is a staunch supporter of the EU, which is leading to the demise of the Tory party.
It is currently unclear whether UKIP or the Conservatives rank second in the opinion polls. - well never mind,we might get a referendum at some point in my life time.then we will know what to expect.
There could be a re-emergence of The Peseta, the Lira and the Drachma etc. but the National Debts will have to be left behind along with the passing of the Euro.
We, the UK, France and Germany could repatriate many of the trade-goods (military equipment, in the main) which we each used to burden the Mediterranean Nations in order to make ourselves look good.
1/Yes, it could be peaceful;the more peaceful the more equitable the deal is.
2/It may benefit from a severe pruning, cutting back to the first bud past the dead-wood.
3/What I wish it to do would involve a retrenchment of National Statehood, coupled with a deepening of Democratic Accountability across the board, not simply a return to the EEC.
"Whole rotten fabric" This will be the stuff that comes in a Heath-Thatcher check pattern?
The EU could be a great idea.