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.
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.
Quote:
Originally Posted by Sunnyjohn
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.
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.
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!
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.
