Addressing the German parliament on Friday morning, Merkel insisted treaty changes and tighter regulation of erring eurozone members were the only way out of what she described as "the most difficult chapter in the history of the euro, if not the most difficult in the history of the European Union". To a packed Bundestag, Merkel said it was "absurd" to claim Germany was trying to "dominate" Europe – an accusation which has become ever more widespread after one of her MPs made goading comments that "Europe was now speaking German". Despite criticism that her indecisiveness is accelerating the possibility of a collapse of the single currency, Merkel preferred to focus on what had been agreed in recent months. "It's no exaggeration to say that we have achieved an incredible amount," she said. "In Europe we are now arguing and wrestling over the fine print, not about the plan as a whole," she added. "Anyone who, a few months ago, had said that at the end of the year 2011 we would have taken very serious and concrete steps towards a European stability union, a European fiscal union with powers of enforcement, would have been considered crazy," she said. On the euro zone bailout fund, the European Financial Stability Facility (EFSF), Merkel said: "I don't think we should talk ill of the EFSF, but think we should be realistic about what the EFSF can do." Germany was not trying to take over Europe, she said. "It's important for me to say to you this morning that you don't need to worry about the fears you hear or read about at the moment – that Germany wants to lead or dominate Europe or similar. It's absurd. It's true that we are pushing for a certain stability and growth culture, but we're doing this in the European spirit of Konrad Adenauer and Helmut Kohl. European and German unification were and are two sides of the same medal and we will never forget it."...And I say : It is becoming more and more obvious that the financial sector is using successive financial crises to convince governments that that the economy will collapse if they do not “save the banks.” In doing so, the financial sector is consolidating its control over policy by way of financial proxies called technocrats.
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, December 3, 2011
Debts imposed by "fiat", by governments or foreign financial agencies in the face of strong popular opposition may be tenuous...
Addressing the German parliament on Friday morning, Merkel insisted treaty changes and tighter regulation of erring eurozone members were the only way out of what she described as "the most difficult chapter in the history of the euro, if not the most difficult in the history of the European Union". To a packed Bundestag, Merkel said it was "absurd" to claim Germany was trying to "dominate" Europe – an accusation which has become ever more widespread after one of her MPs made goading comments that "Europe was now speaking German". Despite criticism that her indecisiveness is accelerating the possibility of a collapse of the single currency, Merkel preferred to focus on what had been agreed in recent months. "It's no exaggeration to say that we have achieved an incredible amount," she said. "In Europe we are now arguing and wrestling over the fine print, not about the plan as a whole," she added. "Anyone who, a few months ago, had said that at the end of the year 2011 we would have taken very serious and concrete steps towards a European stability union, a European fiscal union with powers of enforcement, would have been considered crazy," she said. On the euro zone bailout fund, the European Financial Stability Facility (EFSF), Merkel said: "I don't think we should talk ill of the EFSF, but think we should be realistic about what the EFSF can do." Germany was not trying to take over Europe, she said. "It's important for me to say to you this morning that you don't need to worry about the fears you hear or read about at the moment – that Germany wants to lead or dominate Europe or similar. It's absurd. It's true that we are pushing for a certain stability and growth culture, but we're doing this in the European spirit of Konrad Adenauer and Helmut Kohl. European and German unification were and are two sides of the same medal and we will never forget it."...And I say : It is becoming more and more obvious that the financial sector is using successive financial crises to convince governments that that the economy will collapse if they do not “save the banks.” In doing so, the financial sector is consolidating its control over policy by way of financial proxies called technocrats.
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The bailed-out countries, including Italy, which has received a backdoor bailout from the ECB, have already effectively become protectorates of Brussels, with EU and IMF officials rifling through every detail of their budget plans: this is hardly a democratic process, a fact underlined by the "technocratic" nature of Italy's government. And even if they're not cut loose by Paris and Berlin, voters in countries such as Greece may eventually decide they've had enough. Correct me if I'm wrong (I very well may be) but isn't it impossible for a member state to be 'kicked out' of the Euro? Isn't a more likely scenario that the solvent states (Germany, France, Holland and maybe one or two others) would break off to form a Euro Part Two? Or shouldn't that be Part Zwei? After all, if it wasn't for the Yanks saving our bacon in 1944, we'd all be speaking Deutsch today....
You can't really have fiscal union without political union anyway. If Europe is going to remain a viable prospect it needs to be federalized, with a better relation between government administered centrally and that administered locally. That's going to require quite the democratic leap though, and the creation of some kind of popularly elected European executive, instead of the self-appointed bureaucracy that we get at the minute.
Merkel and Sarkozy allow foreign investment banks and the international credit rating agencies to wage war on other European countries to allow them to make a power grab.
Merkle and Srakozy have known since 31st August last year they can sue Moody's for fraud because Moody's admitted to the American government they commited fraud in Europe because they knew they had wrongly rated junk investments as aaa+ free investments but they decided not to tell anyone because it would ruin their reputation
Now this misrated junk contributed to the losses incurred by European banks and Merkel and Sarkozy know they can take Moody's to court
But Merkel and Sarkozy have chosen instead to say nothing to the people of Europe to ensure they can use the financial crisis to grab power.
If the French/German power grab is successful British people will have to start paying VAT on education and university fees, health care, disability aids, loans, water, VAT on electricity and Gas and heating oil will increase to 20% (currently it stands at 5%). We will pay VAT on hospice care, hospital care, New Homes, disability aids, books, newspapers, sports facilities, nursing home care for the elderly, prescription charges, charity shop purchases, disposable nappies, sanitary products
If Merkel and Sarkozy's power grab for fiscal union is successful, just for VAT alone (because our exemptions would be scrapped) - the cost would be, on average over £3,600 per average household
if vat exemptions are removed here is the extra vat a family is likely to incur each year.
In an interview with The Daily Telegraph, Jacques Delors, the former president of the European Commission, claims that errors made when the euro was created had effectively doomed the single currency to the current debt crisis. He also accuses today’s leaders of doing “too little, too late,” to support the single currency.
The 86-year-old Frenchman’s intervention comes the day after France and Germany took another step towards the creation of a full “fiscal union” within the European Union and David Cameron insisted that Britain must remain a major player in Europe. Mr Delors, who led the commission from 1985 to 1995, played a central role in the process that led to the creation of the euro in 1999. In his first British newspaper interview for almost a decade, he says that the debt crisis reflects a threat to Europe’s global role and even basic Western democratic values.
Mr Delors claims that the current crisis stems from “a fault in execution” by the political leaders who oversaw the euro in its early days. Leaders chose to turn a blind eye to the fundamental weaknesses and imbalances of member states’ economies, he says.
The Euro is on borrowed time, literally and figuratively.The Euro is on borrowed time, literally and figuratively.The Euro is on borrowed time, literally and figuratively.The Euro is on borrowed time, literally and figuratively.The Euro is on borrowed time, literally and figuratively.The Euro is on borrowed time, literally and figuratively.
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