Tuesday, 16 November 2010

EU Collapse Imminent?

I wish.

Herman Rumpey-Pumpey is full of it today, issuing edicts and threats to EU countries in order to get them in line and back an Irish bailout, saying if the Euro collapses, so too does the EU.

All I can say is: bring it on!

In reality, I'm sure that eventually all EU states will be forced by the EU commission to pump money into the Euro Zone and prop up a fatally flawed economic idea. The idea that countries like Greece, Spain and Ireland could share a currency with the likes of Germany and France was fine as long as the little countries didn't burden the big ones too much. Now the weaker Euro countries are holding the bigger ones back, its suddenly everyone's problem. Its so predicatable that at some point there would be problems and so predictable that the bigger countries aren't willing to foot the bill for the folly.

To be honest, let the whole thong fail. I don't see why we should spend any money propping up a currency we aren't part of, or being a member of a Union that appears to be a net drain on our economy.

But of course the EU heirarcy can't allow failure to happen. Instead countries will coerced, cajoled and threatened in order to extort money to prop up the whole corrupt, artificial edifice.

1 comment:

  1. "To be honest, let the whole thong fail. I don't see why we should spend any money propping up a currency we aren't part of, or being a member of a Union that appears to be a net drain on our economy."

    You're obviously not an economist. I'll tell you why we British should care; because we're not isolated from the eurozone. Most of our trade is with those countries, and that ain't gonna change. They take a fall and we take a fall. I like how you're complaining about how much we give to the EU. The fact is, the UK is the only country in the entire EU that's given a big fat rebate on everything it gives. Call me old fashioned, but I don't believe that's fair to anyone else. You go on to say:

    "But of course the EU heirarcy can't allow failure to happen. Instead countries will coerced, cajoled and threatened in order to extort money to prop up the whole corrupt, artificial edifice."

    Again, balance and objectivity just ooze from your words... (sorry for being sarky) But I'd like to hear what you have against european cooperation. Yes, it's not perfect, nothing is; just look at the expenses scandal here in the UK, but the case for the presence of the EU is irrefutable. In a globalised world, the only way a relatively small country like the UK can have any geopolitical influence in the face of giants like the US, India, China, Russia, Brazil etc is for Europe to work together. If we don't, we WILL lose our lifestyle, and our wealth. That's why, in a deeper sense, I believe that to be a true British patriot, you have to be for more european cooperation, and less insularity.

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