With the current state of the European economy and the massive problems facing the Euro the politicians in Brussels aided by the Governments of France and Germany stand accused of a dereliction of duty to the population of Europe and flagrant disregard of
the risks of creating the Euro. How do they plead? Innocent or Guilty?
The case against them is still being finalised but the evidence is mounting that Europe is failing, with consequences likely to be felt around the world, damaging the livelihoods of ordinary people around the globe. However, these are the facts as they stand
Greece has needed financial aid from its European partners for years, yet none has been forthcoming, without harsh penalties to its population, who are already floundering under severe austerity and without strong leadership to lead them from the disaster
now knocking at their door.
Germany in particular, has been found wanting in creating the necessary financial lifeboat needed by Greece. But aided by France, they are prepared to sacrifice the Greek people for the good of the Euro, when all logical financial solutions dictate that
Greece should leave the Euro. The political objective of maintaining the Euro has been allowed to become the only objective. There has been no plan B established to assist Greece or a recognised plan for the managed exit of Greece from the Euro. The resulting
uncertainty has seriously affected financial markets and in turn, the populations of countries throughout Europe and beyond.
The Euro was created over a decade ago, from political will, without establishing a fiscal structure to harmonise European countries. This despite warnings from many, who said that the creation of a single currency without fiscal harmony would bring about
inequality, where the strong economies would grow stronger and the weak would get weaker. This imbalance would create social unrest and threaten the very existence of the European single market. Sound familiar? These risks were totally disregarded by many
Politicians and experts that should have known better, preferring instead to concentrate on political ideology and thus countries with weaker economics were encouraged to join the Euro, just to achieve a political utopia but at a cost to the population of
The expansion of the European Market and the Euro has been allowed to be the single objective without due regard to the risks that were being taken. Such laissez faire
management by Brussels and the Governments of Europe was the most outrageous gamble against the obvious risks of disaster that we have seen since the Second World War! What is your verdict? Or do you have a plea for their defence? Dammed if I can
think of a defence right now!
Blog updated: 27 May 2015 04:43:15