June 27, 2011 1 Comment
Just when you thought the madness of the european integrationists was at a standstill, they push ahead further and probably faster, the crises of the eurozone, with Greece particularly in the spotlight. The pursuit of further integration and more europe, still drives the minds of the europhiles, so detached from the realities that europe faces,
they see the only solution to the problems as more and more europe, regardless of what the people of these member states believe, need or want, regardless of economic realities and regardless of democratic legitimacy (lack thereof).
The EU summit last week discussed (mainly) the issue of the Greek economy, the debt ridden -once soveriegn- nation who will sooner or later have to default on its debts (partially or otherwise), nearly every economist predicts a Greek default, one way or another. Europe has few options to choose from, about the way they wish to react to the crises.
george Papandreou the Greek PM, will try on Tuesday to push through the Greek parliament the austerity measures required by the troika, in order for the Greek to receive the next tranch fromthe first bailout last year.
Opposition party New Democracy (apt) maintains they will vote against, the people of Greece, are unlikely to accept more austerity since, thus far the first bailout, austerity measures and reform seem to have had little effect.
eurocrat talk, initiated by one Angela Merkel, proposing that borrowers take ‘volutary’ losses, and an introduction of debt guarantees proposed by Alex Weber , the former Bundesbank chief, Sarkozy\’s ideaof private investment funds helping the bailout, amongst other initiatives coming from euroland are in reality trying ot fiddle the situation, economists and the markets have said many atime that any restructuring of the debt (in whatever form) will be seen as default. Together with the the unlikely event that Greece can reform its finances before 2013 when the EFSM package is intended to be introduced, Greece is not going to repay its debt, full stop.
Over here in blighty we have to witness the ‘\”genuinely eurosceptic\” David Cameron who insists that Britain will not play a part in the bailout, he blatantly forgot to mention our participation through the IMF, and even then as the eu keeps “kicking the can down the road”, making up new rules as we go along _ bailouts are illegal under the ‘constitution’- and as we have in David Cameron a europhile premier of the highest proportions, Britain can expect to be dragged into funding the Greeks further.
You may of noticed the attention theat the new ‘moderate eurosceptics’ have been getting in the prees, after the letter by 14 of them in the FT calling for a change in policy toward Europe. For some time there has been talk of the ’40’ who are of the 2010 general election intake, these are supposedly moderaters and modernisers, but ‘very eurosceptic’. The likes of George Eustice, Priti Patel etc… however looking at their records it can be said that the new intake are simply additions to the cameroon pack, talking the talk, tripping over when they need to walk.
The above link from conhome by Eustice makes patently clear the mirage they have painted themselves, that he says of Cameron that: “We now have a genuinely eurosceptic Prime Minister who is better placed to deliver than any of his predecessors, including Thatcher. He means business,”
is beyond parody, though should not be laughed at, if these are the sorts of people we have in Parliament, -notwithstanding the european union- directing policy then we are in serious trouble, the media are playing along, the opposition is a shambles and most of the country has not woken up to the facts.