Currently, you have to think again and again (and more and more often) that things happen that make you go through the roof.
Now they want to appoint a business government for EUROPE. The start is totally harmless. They will meet twice a year! And during those meetings, everything will be decided.
Of course, this is something that cannot work.
After all, the business government is meant to see to it that Europe will again gain momentum economically. And the “poor” countries will again provide the European market with their products. The plan is to level out laws, taxes and incomes (?).
How is that supposed to work?
Perhaps economy should again be structured. So the Germans will build cars and machines, the French airplanes and railways, the Italians electric motors? The Romanians and Hungarians can write the software. Greece, Spain and Portugal grow olives? None of this will work. We had this kind of thing in Eastern Europe for quite a few decades. The result was desastrous.
Welcome ComEUcon.
Because none of this is any help, we also have to install a debt limit. Germany serves as the model. Regardless of the fact that the German debt limit is not active.
We want no Eurobonds.
Well, that is something I can understand. But in practice, that is what we have if the EZB keeps buying critical papers from over-indebted countries.
Isn’t it all just ridiculous?
RMD
(Translated by EG)
P.S.
If there were not terrible social questions, the entire affair would actually be quite a joke: we have a strong polarization, not only between poor and rich. As a consequence, we have a focus on national populism, a growing disinterest in democracy, uproars and rebellions. So what happens is the same as usual: the tool that has been constructed for political reasons (the Euro) is supposed to help unite Europe. And, again, the political control, de facto, causes the opposite of what it wanted.
To me, a closely cooperating Europe of regions sounds a lot better than a central state dominated by national interests! In order to get the former, we do not need a Euro. What we need is an intelligent values system. And even a central state would be better off with a modern currency system.
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