Filed under Economy, History, Human Rights, Politics
Tagged as EU Collapse, European Union Collapse, Pat Condell
The EU has in fact become a super bureaucracy accountabe to no one and is out of control.
One of the seeds of the EU’s destruction was tying the economies and cultural costs of one country into a single currency.
Fortuneately, the UK kept its own currency.
If he EU is to survive it will have to unhitch these currencies to the value of each countries productivity so that say an Italian Euro is permitted to float.
Only when a country has a balanced budget and a productive society and maintain that level should they be allowed to join in a single currency.
I am not sure I disagree with the principles that @ SCIFDE puts forward, apart from on the spelling front.
Having said that, please don’t be misled into thinking that the views he expresses in this clip are widely held – they are not.
Pat Condell is associated with UKIP. UKIP is a political party which wants to kick all immigrants out of the UK and get the UK out of Europe. Most people in the UK see them as weird.
All may not be great in the EU at the moment, but Pat Condell is not the man to give an unbiased view of the situation. UKIP wants the EU to fail. Measure his words against that.
The Daily Telegraph:
Euro doomed from the start says Jacques Delors (architect of the single currency)
In an interview with The Daily Telegraph, Jacques Delors, the former president of the European Commission, claims that errors made when the euro was created had effectively doomed the single currency to the current debt crisis. He also accuses today’s leaders of doing “too little, too late,” to support the single currency.
The 86-year-old Frenchman’s intervention comes the day after France and Germany took another step towards the creation of a full “fiscal union” within the European Union and David Cameron insisted that Britain must remain a major player in Europe. Mr Delors, who led the commission from 1985 to 1995, played a central role in the process that led to the creation of the euro in 1999. In his first British newspaper interview for almost a decade, he says that the debt crisis reflects a threat to Europe’s global role and even basic Western democratic values.
Mr Delors claims that the current crisis stems from “a fault in execution” by the political leaders who oversaw the euro in its early days. Leaders chose to turn a blind eye to the fundamental weaknesses and imbalances of member states’ economies, he says.
The euro came into existence without strong central powers to stop members running up unsustainable debts, an omission that led to the current crisis. Now that the excessive borrowing of countries such as Greece and Italy has brought the eurozone to the brink of disaster, Mr Delors insists that all European countries must share the blame for the crisis. “Everyone must examine their consciences,” he says.
The EEC is being COLLAPSED.
The USA reasserting itself.
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