ground control to Major (John), you’ve really made the grade

The (insane) oddity that is John Major reared his head again in the FT print ed yesterday to give his opinion on the euro crisis and where he thinks it is going.

Major says “hindsight is often graceless” and so it is with that he tells us that he kept Britain out of sterling because “I had a political objection as well: that entry into the euro, and the abolition of sterling, would remove key policy options from the British government. That is why at Maastricht, I opted out of the euro” *cough*

Take that as you will. Major also believes “We are drifting towards full fiscal union: only the timescale is flexible”. This  possibility has been the a central ideal to the european federalists for some time now, and Major like others before, suggests that those outside the eurozone but of the EU may in the end want to join it through the fact that those in the eurozone will inevitably be making most of the important decisions. What EU leaders came up with at Wednesday’s summit, contrary to what some are cheering simplywont save Europe the ‘big bazooka’ did not crystallize and the rally yesterday of the markets will likely deflate just as quick.

The drifting towards “full fiscal union” may yet take place, proposals for this are due at Christmas, but it would take years to be a reality. The other option of break-up, is anathema to EU politicians  and will be fought at every step, but it is also possible;  fiscal union would require the people of europe to either agree to such an entity or be bypassed in an authoritarian manner. in the event would end in the thing Chancellor Merkel warns of.

George Eustice has set out a blueprint in a white paper for the government to plan ‘renegotiation’ it is a useless operation as useless as its author. The European Union has consistently tried to solve the eurozone crisis by making small and insignificant gestures, which  quickly crumble under scrutiny.

The government should  ignore Major and prepare for any of the scenarios which could emerge from the crisis, keeping in mind that the euro is ultimately a flawed project much like the EU itself, it is -in time- going to fail fatally, the government should grab its protein pills, put its helmet on and get OUT  as soon as events allows, and simply wish them, good luck

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