Friday, 9 December 2011

Euro still headed for collapse

German history has a way of playing itself out like a film loop. When defeat is all but inevitable comes the final counter-attack, the forlorn-hope assault, with everything thrown into the battle. It was so in 1918 and in 1945, and is so today with the proposed treaty of the 23 that will clear the way for a final ditch throwing of liquidity into the Euro markets. After this, despite this, the Euro will collapse. 


The fact is, Britain isn't alone, isn't the maverick outsider that France is painting us as this morning. When the people of the nations of southern Europe and of Ireland realise the extent of loss of sovereignty that their politicians have signed away the fires will flare again. 


Still, it's a marker that we're now into the final phase.

6 comments:

Anonymous said...

The Irish will go ballastic when their low Corporation Tax is made history by Merkozy and all those large coporations which have based themselves there no longer have reason to do so.


The EU is stoking the fires of civil war in Europe.

Robert said...

It is perhaps the beginning of the end.

The Europhiles in our midst will not give up without a fight.

Greg Tingey said...

Agree about Ireland.
Furthermore, when both Eire & others really find that their NATIONAL BUDGETS have to be "approved" by the unelected, cosy, corrupt EU Commission, there will be real trouble.
No, it won't last, but how long will it last, before more bits start falling off?

Anonymous said...

Someone on another blog made the suggestion that the UK should look like Hong Kong.

Why not?? A real blinder of an idea!!

Just imagine a low tax, low regulation free market, parked on the edge of Europe but straddling the divide to the Americas.

Great Britain - the Hong Kong of the West! Bring it on!

Coney Island

Edward Spalton said...

Having translated the Nazi book "Europaeische Wirtschftsgemeinschaft" (European Economic Community) (1942) and had a few years of further delving, the thing which sticks out is the utter consistency of the geopolitical world outlook (Weltanschauung) of the German political class - even since before Germany became a single state. The "Nazi" label is misleading. The Nazis invented nothing new in this respect.
A strong sense of "fate" or "destiny" runs through all of it.

The original "Common Market" was the Zollverein (Customs Union) between the many small states of Germany which provided the economic driver for unification. I guess that any German, reading history up to A level equivalent, would have a not unreasonable expectation that states getting together in a customs union were doing so with a view to eventual unification.

The parliament of the failed revolution of 1848 decided that Eastern Europe and the Balkans (then parts of the Austrian and Turkish empires) were Germany's natural economic hinterland and that no Slavic state of significance should be permitted there. And in 1999 - boom! - came the unprovoked attack on Yugoslavia.

It was actually after German unification in 1871 that Bismarck put a brake on those ambitions, saying that the Balkans "were not worth the bones of a Pomeranian grenadier". Unfortunately Kaiser Bill took other counsel and it was "some damned silly nonsense in the Balkans" (as Bismarck predicted) which precipitated the Great War of 1914-18.

Having got into the war, the Imperial Chancellor, Bethmann Hollweg, decided that Germany better have some war aims. Amongst them was something not unlike
the later EU.

Germany has been very successful in shaping the EU to its requirements. As General De Gaulle said of Dr. Hallstein, the first President of the European Commission, "If Dr. Hallstein is a sincere European, it is because he is first and foremost an ambitious German".

Horst Teubert, the editor of the German website www.german-foreign-policy.com
gave an interesting speech in Parliament,entitled "Germany's Bid for Great Power Status through the EU".
It is available in the European Voices section of www.freenations.freeuk.com

Elby the Beserk said...

Not just the Euro ... it's the end of days, truth be known

http://www.zerohedge.com/news/egon-von-greyerz-there-no-deus-ex-machina-left

“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS A RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION, OR LATER AS A FINAL OR TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED”

Ludwig von Mises