'Leaders' begin to look for scapegoats
Ten years ago navel-gazing EU officials boasted to the world that a new currency will emerge within a decade to become the new global reserve currency of choice, replacing the Greenback. Reminiscent to German leaders in the past, these premature boasts of a "Thousand Year Currency Reich" imploded merely 12 years later: the European Union, especially the eurozone, is a clique of defunct and disillusioned national entities, adrift without vision, legitimacy or plan. The sinkhole of ever rising debt, uncontrolled public spending, mass unemployment and virtually bankrupt, Europeans begin to look for scapegoats, with minorities taking the brunt of the inarticulate rancour of neo-fascists, from Hungary to France, and Germany to the southern tip of Italy.
But the fact is that the obsessive introduction of the euro, which was heaped on unsuspecting and duped citizens by their respective fuehrers - regardless whether they were bunkered in Berlin or Paris - is to blame for the doomsday scenario today. As eurozone members drown in debt, caused by the wrong belief that "together we are too strong to fail" it becomes clear that this theory went out the window fast, once reality hit. When Greece hit the headlines in late Spring that its $530 billion debt put the nation within hours of a declaration of bankruptcy, hastily arranged credit lines from fellow members saved the day. Quick credit checks within the European Union revealed that six other member states are in similar conditions of disrepair. Credit lines thrown in by supposedly wealthier states had the opposite effect as intended: instead of soothing jittery markets, the mere revelation of the extent of the dire financial state caused panic and grave concern, as creditors are now threatened to be dragged down by the sheer size of the mountain of debt accumulated by irresponsible regimes in Athens, Rome, Madrid, Brussels, Budapest and Lisbon in the past.
It leaves a populace in Europe dumbfounded today. How could leaders be elected who deliberately and methodically hauled the continent into a financial desaster similar to the (monetary) cost of World War II: capital and wealth of $1.4 Trillion has been destroyed since the introduction of the euro as common currency. At least one generation - like the one in post-war Europe - will suffer and repay for the poor decisions of the preceeding ten years. In Britain the situation is so bleak that towns begin to turn off the lights at night in order to "save money." The real state of affairs could not be demonstrated in any starker terms.
Europe is - literally - a dying continent. The demoscopics show that for more than 20 years more of its citizens die than are born. The mortality gap, which
bodes catastrophic for securing pensions in 25 years from now, is only partly cushioned by outside immigration. The endemic xenophobia and open hostility towards foreigners make European countries already a dangerous and life-threatening option for migrant workers. But this openly flagrant racism does not even stop towards its own citizens, as the forced state-sponsored expatriation of hundreds of Roma from France has shown. Had France observed some simple Gypsy rules, namely not to spend fortunes that haven't been earned yet, France would not be in such demise, unable to provide for its pensioners. The expelled Roma, who were rounded up at night in brutal police raids and evicted from their homes in the process, were whisked to the airport and hurridly shipped out against their will to Romania where they await more brutality and dangers. The fate of the Gypsies, Europeans and often more French citizens than the Hungarian refugee-become-president Sarkozy, is a showcase for European racism and firmly engrained prejudice.
It is curious to hear Europeans muse over "American arrogance, pride before the fall of an empire," while they are already halfway on the slide to hell.
EU Commission accused of conspiracy to discriminate Roma
http://www.bbc.co.uk/news/world-europe-11243923
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