Any persistent defence of the euro will result in a long-lasting recession and high unemployment in countries using fiscal austerity to pursue ‘internal devaluation’. It may lead to a revival of populist and nationalist movements, political collapse and disorderly eurozone break-up.
Nick Clegg, leader of the British liberals, said in a speech that Britain wouldn’t be taken seriously by Americans and the Chinese if it had quit the EU.
Spain had its public debt at the level of 68.5% of GDP in 2011, and then at 85.9% in 2012, and now Prime Minister Mariano Rajoy believes that this year Spain will end with the debt of 94.2% of GDP. Spain is definitely a big problem for the EU.
It seems that Merkel is willing to create a big and strong coalition with German socialists and, as it is in politics, it means a lot of compromises in the field of economy, austerity measures and social policy.
However, the party missed the absolute majority and lost its coalition partner, the liberal FDP.
The type of institutional system of the EU in the community model should be corrected so that it reflects “ordinary” political systems in liberal-democratic states.
A bit different anniversary. Club of the sinking ones has new members. The French are shouting: „That’s enough”!
The wrong age. One, or two packages for Greece? Don’t steal jobs from the Netherlands!
However, the only indisputable thing should be the fact that Europe constitutes a specific axiological community – a community based on the same fundamental values, principles, cultural patterns and experiences.
Why wouldn’t EU farming be made subject to global verification? Food would be even 40% cheaper. And billions of euros would flow into the EU budget.