IN his recent State of the Union speech at the European Parliament in
This occurred as differences emerged between
His speech wasn’t so much about ‘saving’ the euro, or even ‘saving’ the EU. It was about the establishment of the Grand Plan long cherished by Eurocrats – mainly from
I think, though, it’s salutary at this point to recall that Germany and France are as much to blame for the euro crisis as anyone else.
The Greeks were known to be bankrupt when they applied for euro membership.
The auditing that was undertaken was scant at best, certainly it was insufficient, and this was known. So what did
Once Greek entry was ‘fudged’ and completed, did they get EU inspection teams into
Did they do anything to assist any struggling Euro members (like
I don’t think so. When other members really needed a tightening of fiscal policy to ‘cool’ their economies, did they assist? I don’t think so.
Now, George Washington, Victor Hugo and Winston Churchill all held the view that, one day, there should be a United States of Europe. But then, so did Hitler and Napoleon, each in his own way.
The idea of a United States of Europe, though, is quite fanciful. The difference in cultures – especially the economic and business cultures and tolerance for corruption – in the countries concerned is too great.
A better solution would be for the economically effective, more disciplined and organised nations like
But the message for either group is crystal clear. Beware Greeks – or, er, Italians, Irish or Portuguese – bearing debts.
Nora Johnson’s novel, The De Clerambault Code (www.nora-johnson.com) available at Amazon in paperback and as eBook. Profits to Cudeca