euro-deviants

The truth is now out about who is really running the EU project, the Groupe de Francfort includes only “an unelected cabal made of up eight people: Lagarde; Merkel; Sarkozy; Mario Draghi, the new president of the ECB; José Manuel Barroso, the president of the European Commission; Jean-Claude Juncker, chairman of the Eurogroup; Herman van Rompuy, the president of the European Council; and Olli Rehn, Europe’s economic and monetary affairs commissioner.”

I doubt this group is new, it is only now we have found out. Since the rebuttal to ex-Prime Minister George Papandreou’s referendum idea, from Merkel and Sarkozy “we are prepared no matter what response the Greek Parliament or people give” Merkel said of saving the euro. The language used by those in the Francfort Groupe has become increasingly petulant.

It is as though the EU project is now do or die for the FG, they can see the euro is in severe crisis and those in the FG have been consistent in keeping with the mantra that the euro cannot fail or Europe will fail, citing war and social strife etc. The EU ‘elite’ are finding themselves against the markets and economic reality, the people, national parliaments et al. And it seems that it may just be that with this crisis and the attention it is gaining that the real motivations of EU project are getting through to the masses,  when even the Telegraph has taken to calling this set-up the Politburo , one hopes that the  “ignorance is strength” is being diminished.

From the telegraph euro-crisis live blog this morning bruno waterfield posted this:

A new name for the club – “the euro deviants” – has been coined after Jose Manuel Barroso, the commission president, explained that “not belonging is the deviation from the rule” because all EU members, bar Britain, are committed to eventually joining the single currency.

Evidently if you deviate from EU doctrine you get the boot with  George Papandreou and Brlusconi removed and being replaced by the  installed ‘national unity’ governments, national parliaments are now nothing but card-carrying members – an ‘outer party’ to the EU elite, who must stick to the rules or leave.

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leadership… found wanting.

David Cameron said the  word ‘leadership’ 19 times in his conference speech in Manchester titled ‘leadership for a better Britain‘ in an attempt maybe to brainwash the public into believing he actually has the abilities to lead a nation. He does not.

And yet, the G20 has shown that the world over, ‘leaders’ are not leading but limping far behind events that have happened last week; month; year? The Greek tragedy that has consumed the whole event is not the worst of their worries, nor is Italy’s predicament. what are called the Western democracies of the world are suffering a complicated shift in the way the world works and the distribution of power via wealth (of nations) is the central cause.

what the G20 summit has achieved is to present the EU summit of October 27th as a triumph, that created a plan to sort the eurozone crisis out and that must be followed. This is an example of the lack of leadership we have in current politics, the EU summit conclusions were picked apart by markets and analysts within 24hours, and found out to be half measure without structure nor any actual cash to back the plans up. For the G20 to be exclaiming that countries must follow this plan and stick to it, without anything new to fund proposals. Sadly means they have no idea how to solve the current crisis.

Which brings me back to David Cameron, who is stuck in opposition mode. pre-crash 2008 he and boy George were committed to Labour spending plans and only changed course once the election was in sight and they could not any longer persist with the mantra of ‘sunlit uplands’ and ‘sharing the proceeds of growth’, when Lehman’s went down the conservative party was consistently on the backfoot with no ideas let alone a plan to ‘save the world’.

The situation is the same now with the eurozone crisis, the government had no idea what to do, so has decided on the one hand to try to offload the crisis onto the eurozone alone, and push for closer integration of the eurozone countries, whilst at the same time wanting to increase the IMF budget. This is obviously to do with the fact that British banks are more exposed than even the German’s. So why doesn’t the government be straight with the British people and explain the situation instead of trying to cover up their misgivings.

We also have the situation where the eurozone may indeed follow George Osborne’s “remorseless logic” and integrate further, which will inevitably push Britain further away from decision-making, not that Cameron has not done enough already to leave Britain looking like a pathetic bystander while events happen elsewhere. This is one of the main problems, not only are the eurozone nations going to be putting their own interests first but Cameron + co are happy to stand back and watch it happen without the slightest thought about the future consequences.

And yet the conservatives believe they will be able to take back powers ‘repatriate’ ‘renegotiate’ whatever you want to call it, Germany has said nien to the idea, so it seems that even this false scenario is not going to be achieved. Cameron is too weak to even attempt to gain back any meaningful powers for this country . in the event he does make a squeak, the eurozone will agree a new treaty outside the EU involving only eurozone nations, making the veto useless.

Maybe the lacklustre performance is due to Cameron’s own faults; David Cameron edited the Big Issue in the summer he spoke of  his youth and how he “didn’t always put the effort in” and “just went through the motions, drifting along

Some things never change, eh’.

eurozone crisis

events are moving in the eurozone super fast, in their race to the bottom, reflections will be made once the situation is more clear but for now follow the FT eurozone crisis live blog or the telegraph debt crisis live blog

 

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

remorseless

With the ongoing ,euro crisis the dithering of our supposed leaders, and failures to grasp the scale of the problems inherent to the project. The saga goes on sabotaging the economic prospects of most nations signed up to the eurozone, whilst continuing the pretence that they actually do anything at the numerous  summits held, other than rehearse the same arguments over and over without any sufficient conclusions. this weekends summit is no different, vague proposals which are to be set out when leaders meet again Wednesday, look set to disrupt the markets once again. In the end it will be the markets  that put an end to the crisis, while eurozone leaders are still talking about merkels diet.

Recently George Osborne speaking to the FT  for the government said it is the “remorseless logic” for those in the eurozone to proceed with deeper fiscal integration, in order to solve the crisis, maybe, but this is another example of the government making grand statements for a few headlines without thinking of the consequences;

Now, there is to be a euro empire creating fiscal union within the eurozone with a central european finance ministry of some sort, a finance minister and treaty change is now on the cards for this to come into being,

Chancellor Merkel has been pushing for treaty change for some time, pressing for this centralisation of economic policy in order to bring profligate nations into line.

For the UK such an outcome, is likely to see our own economic governance come under pressure to converge with what the eurozone nations agree, QMV  ensure that Britain will be outvoted on any measures undertaken.

According to the coalition the treaty change needed for the ‘euro empire’ would not trigger the ‘referendum lock’, as though a core of euro countries set apart from the remaining outside the euro would not be a ‘major’ change in Britain’s relationship with the EU.

On Tuesday Bill Cash is proposing an  amendment to the European Act in a ten minute rule bill

 

“Apply the terms of the European Union Act 2011 such as to require approval
by Act of Parliament and by referendum of provisions for creating a fiscal
union or economic governance within the Eurozone”

requiring a change to the European Act if  the situation where a  euro core emerges and  Britain remains out a referendum would be required. No doubt the government will impose the whip against this too.

speaking in tongues

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.

United States of Europe; at what cost?

That the EU is an undemocratic institution is well known, in its pursuit of a United europe, all members in unison; implementing policies emanating from european (unelected) elites, economic, agricultural, energy, fisheries, tranport, every aspect of government policy is infected with europhilia.

What was once a dream of peace and cooperation between the nations of europe is now a dictatorship, much like what in the beginning those at the top in public life claimed the european union would put a stop to.

The current economic crisis in the periphery countries in the eurozone, has shon a light on the characteristics of the dictatorial and coersive methods used by our masters in Brussels; all in order to achieve the ultimate goal of a federalist united states of europe. Portugal, Ireland, Greece (and possibly Spain) are being sacrificed in the most brutal ways. The austerity packagess delivered to these countries will not solve the problems they have, the debt they owe will increase, the debts will only be transferred to a different lender and those that will pay the price are the public, who are least to blame. It was inevitable from the start of the euro, in creating the eurozone, without working through the political consequences, was a disaster from the beginning.

Economic policy is central to any governing nation, and by joing the euro, these countries gave up that essential right; thus deceased to be sovereign.

Though the UK has not joined the eurozone, being a member of the EU, has landed us with similar consequences, the UK is liable to ‘help’ struggling economies of the eurozone, the City has been restrained through european directives, and the chancellor is following the EU guidelines of economic policy and governance Amongst all other areas; the judiciary; transport; human rights etc… the power of the government of the United Kingdom is extremely limited, as are all european member states.

The situation in Portugal exemplifies the handicap members of the european union and eurozone (especially) suffer. Socrates when letting the press know he was seeking a bailout for Portugal told those gathered that it was in the ‘national interest’ (where have we heard that before) The outgoing Irish prime minister said much the same when the Irish government went to the European union with begging bowl for their bailout, and Greece much the same, all after merely days or weeks before, having claimed that their nations were sovereign, they did not need any ‘help’ and would not be seeking any bailouts. After pressure behind the scenes all succumbed and took the offers.

As seen in both Ireland and Greece their economies are no better now (and are in fact worse) than before the bail outs, many citizens are emigrating, prices for essentials have risen sharply and the governments and opposition politicians are offering no alternative. The situation is much the same in the UK whereby the economy is pretty much flat, prices are rising, there are fewer jobs available, higher unemployment and politicians at Westminster offer no alternatives to the course already set out by the coalition government.

With Portugal embarking on a similar plan to that of Ireland and Greece, and with Spain possibly  to follow, the European union project of a united states of Europe, nears ever closer. Practically held to ransom these countries are stuck, the only ways out is default and decouple, leave the union  and go back to being a nation state, with their own currencies. Though it is known our masters in Brussels will not give up so easy, the fact that all EU nations  are following the economic and austerity plans set out begs the question what do they know that the people don’t.

While the economy is not the only factor, it is economic policy that is central to governance,  the fact that 17 countries are in the eurozone seems not to matter, bailouts involve all members  of the European union, austerity measures being enforced in the UK are along the guidelines of EU monetary policy as are France, Germany and the periphery etc. It is in effect a transfer union.

The most used excuse, given by this coalition government and previous governments of the benefits of membership are that of trade benefits, where it has been proven many times not to be the case, what the benefits of being a member are still not clear. Are governments happy to allow unelected figures in Brussels coordinate policy in every area? Every initiative that comes from the government can be traced back to the EU, so the question is ;is there any point to our own governments, since they are all too willing to comply.

If Britain did finally manage to exit the EU, what would happen? For more than 50 years governments have followed/complied with EU rule, like a lost puppy they’d be at a loss as to what to do and how to govern.

falling like domino’s

Portugal has finally asked for a bailout from the european union, though it is not clear who will be doling out the money the european commission, the european central bank and/or the international monetary fund, though the figures being bandied about are up to 90 billion euros which the UK will be liable for about 5-10% of this.

the conditions are yet to be set out and a clearer picture is likely after EU finance ministers meet on the 8th and 9th of April this weekend. though what is apparent is the bailouts of the PIG countries thus far have seen the countries economies stagnate and the populations stuck with quite extreme  austerity measures.

What is obvious is, these bailouts are taken through near force and that the beneficiaries are those in Brussels willing to do anything to keep the euro afloat, whatever the consequences. It may be that these countries deserve the harsh punishment, but was the EU and the euro not meant to unite the european nation states, as in one for all all for one.

Not so, and it never will be, This says it all really — “Democratic legitimacy? It’s not necessary. Apparently they had some mandate when they made the request last night. So if they were empowered last night to make the request, they are empowered to progress with negotiations,” from the commission economy spokesman Amadeu Altafaj speaking after socrates asked for the bailout merely hours before.

in relation to the current portugese government being a ‘caretaker’ government ( thus not having the legitimacy to agree a bailout package, without a popular mandate)   he goes on to say “It’s not their programme any more. It’s ours,”

It is surprising the portugese hadnt realised that they would be sacrificed for the sake of the project, many British realised long ago that it is our masters in Brussels running the show. In or out of the euro it does not matter, membership of  the EU means the EU rules.

Though when our own government(s) will wake up to the fact and DO something is another matter.