Thursday 10 November 2011

"Two-speed" eurozone?

While the latest realization of European "leaders" to consider at least a break-up of the eurozone is commendable in principle, the delusions and megalomania of cohorts in Berlin and Paris continues: to label the eurozone as a Tier-1 Europe, and nations outside of it as Tier-2 Europe reminds of past Teuton plans to carve Europe into pro-Reich and a hinterland to provide cheap labour and raw materials. To box countries like Switzerland and Norway as Tier-2 countries, who could buy up the eurozone 10 times over, shows the full scope of pathological madness that still has a firm hold on Germans.

In 1991 I wrote a dissertation on the then yet to be created eurozone. In it I argued that a core of 4 or 5 compatible economies should be ganged together, allowing new members to subsequently join as their economic progress merits it.

It took 'leaders' from France and Germany until November 2011 to arrive at similar conclusions, but only after sinking the continent into a slow growth, multi-Trillion blackhole. The damage in financial terms on the continent has been greater than World War 2 since then.

Let's follow other pipers than Murkyel and Narkozy!

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