#1
If the euro fails, [Merkel] was told by those present, it will be Germanys fault. For the third time in a century, that nation stands accused of blowing up Europe.
Bingo. The guilt of German leaders is why they won't be rational about it. They think it is their duty to see this through to the bitter end, as recompense for past crimes. France exploits that maximally. Result: Germany is France's bitch.
Just one nit to pick: the reference to a "federal Europe." The EU is not a federalist system like the US, with some powers delegated to the federal government, and the rest reserved to the states. It's exactly the opposite.
The purpose of the EU is, and always has been, to abolish nation-states. So the EU's relationship with member states is governed by the concept of subsidiarity. Exactly what it sounds like: member states are subsidiaries of the EU. Vassals. Subject to. Subordinate to. The whole six-decade development of the EU has been premised on the gradual transfer of sovereign rights and powers from member states to Brussels. From elected national officials, to unelected technocrats, mainly the European Commission.
They've managed to convince people that, through their elected national officials, they've had meaningful input throughout this process, but that's a bunch of bull. Just to clarify that ordinary people did not make this mess - the EUrocrats did.
Wrong!! From the beginning monetary union was a large step in the over-all plan to do away with nations in Europe. See RJDs comment. This is all part of the plan to force the total subjugation of the various nations to the unelected, self-selected technocracy of by and for the elites.
#3
"The EU is NOT a Federalist System like the US" > apparently not for Germany's lack of trying ...
To wit,
* TOPIX > [Daily Mail.UK] FEDERAL EUROPE WOULD BE A GERMAN SUPERSTATE, BECAUSE NO OTHER POPULATION [in EU/EUZ] IS SO MOTIVATED TO SUCCEED.
"Greater Germany" = aka as Euroland.
Which IMO bears the question, AND THE RUSSO-GERMAN STRATEGIC PARTNERSHIP + ALLIANCE - read, 1980's Gorbachevian, Pro-Russia "PAN-SLAVICISM" AKA EASTERN EUROPE + ORTHODOX CHRISTIANITY???
1 and the biggest is that it thought property was a magic money tree and land inflation wasn't bad.
2 it's stuck in the EUSSR and the EURO and is double stuffed with regard to fixing its economy.
#9
Spain doesn't make anything the world just has to have.
No, but the weight of EU bureaucracy and the overvalued euro is crushing them. The eurozone is like a gainfully employed, financially prudent husband (Germany) with 16 wives who all share one credit card. Some of them have jobs, some of them are shopaholics, some not so much, but the EU wants to subject them all to the same one-size-fits-all rules. The sooner the PIIGS bug out (revert to national currencies), the better off everyone will be.
#10
"The unemployment rate in Norway was 3 per cent of the labor force in March 2012. This represents a decrease of 0.3 percentage points compared with December last year".
Even in the worst of times some do well. Even Brazil has had an influx of Spanish youth in the neighborhood of 300000 all together.
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