Anyone else feel the whole Euro project is now a failed nightmare that needs consigning to the dustbin ?

Germany now in trouble apparently as it cannot bail everyone out.

Harmonising European countries economies at different stages of their economic cycle is impractical and the stupid laws in the UK directed by Brussels are pathetic.

Long live Nigel Farage :ok:

Wouldn't go along with the long live Nigel but the rest I would agree with.

There os nothing inherently wrong with the concept of a single currency for the EU. It is the bankers, financiers and speculators who ride on the back of currency markets who should be consigned to the dustbin.

There os nothing inherently wrong with the concept of a single currency for the EU.

Unless, of course, that currency is implemented without parallel financial, social and political union – i.e. a federal Europe.

It is the bankers, financiers and speculators who ride on the back of currency markets who should be consigned to the dustbin.

Why not blame the politicians whose hubris, arrogance, incompetence and contempt for their own electorates has dragged the EU into the current crisis? The speculators are doing nothing illegal. While I have no great love for them they are not the cause of the current crisis – they are simply taking advantage of the vanity and foolishness of the EU establishment.

Standby for thread merge……..

What worries me is that the problems in the Eurozone will cause the countries involved to merge their institutions and economies to ty and solve the crisis... in other words, move to a close-knit federal Europe. We should have done things the other way round... decide first if and how we wanted a federal Europe, then implement a common currency. And would someone like to ask the electorate about doing that please ?

There os nothing inherently wrong with the concept of a single currency for the EU. It is the bankers, financiers and speculators who ride on the back of currency markets who should be consigned to the dustbin.

The last time I looked, no banker forced Greece, Italy, Ireland, Portugal, Spain, Cyprus, etc, to borrow money they could not pay back. Bankers never made Zapatero and his cronies spend gazillions of Euros on "vanity" projects, nobody else forced the Irish Government to base their whole economy on a housing bubble, no banker made the Greeks take on loans instead of collecting taxes.

The blame lies squarely with the Governments, with their "vanity projects", with their failure to regulate things in their own countries, with them ignoring what economists had been saying for years. Ireland is a perfect example of that, the collapse of the housing bubble was predicted several times before it actually happened, reports were suppressed and regulatory supervision was as good as non-existent. And when your economy is based on a bubble, there's only one outcome, as Ireland found out and Spain are finding out now.

So don't blame the bankers, look closer to home at those who lived the high life on other people's money and now expect these other people to pay for it all.

This has been done to death on at least two other threads.

In my view, the blame lies with the self-interested empire-building politicians who decided to press ahead with this experiment, in the face of the wisdom which dictated that as it was envisioned, it was doomed to fail. They didn't care, they only want to expand their empires and get their snouts deeper in the trough.

From there, it goes on to the politicians in the nations with weaker currencies who decided, and in a way one can't blame them, to let their countries live profligate life-styles funded by the richer nations.

It's worse than 'a waste of time'. It's an evil destructive force which is set to cause strife and misery.

^^^

What tableview said +1 (with bells on)

When all is said and done

we'll have another thread to say it again

Farage is a ****.

Farage is one of the few people in that useless shower of excrement who hasthe guts to speak clear and coherent sense. So I don't know what your **** stands for but it could be hero!

http://http://www.youtube.com/watch?v=bypLwI5AQvY&feature=youtube_gdata_player

Farage's greatest moment....

Someone once told me it was a pity that all those who knew how to run the country were too busy driving taxis and cutting hair.

I'd be tempted to add "...and posting on PPrune". :hmm:

Let's face it, Jazz Hands, would we be any worse than the career politicians over the last 20+ years?

Nigel Farage insults Herman van Rompuy .......

I think nature did a far better job than any human being could ever have done! But I agree it's a fine speech from Mr. F!

"But of course, you come from Belgium, which is pretty much a non-country .........."

Van Rompuy's response .... he sits and picks his nose!

Re the Farage speech :ok::ok:, if all the vacant seats are allocated to specific MEP's, the attendance is............sparse is being kind.

It begs one to ask, how are any decisions ever arrived at, with a representative majority. The EU " Democracy " on display.

I wonder if they keep attendance records.....:rolleyes:

Seen the UK Parliament most of the time, TZ?

I don't have the stomach for it ! ;)

I know what you mean, it's like a roomful of kids on Tartrazine when the supply of Ritalin runs out.

I wonder if they keep attendance records.....:rolleyes:


I believe they turn up for morning roll call and then head straight back to the airport and home.
There have been cases of people being MPs, MEPs and members of their own regional governments eg NI Assembly all at the same time.

http://www.bloguez.com/uploads/img_42/42403/soleildafrique_medisance_myw26125.gif