The death of the Euro

[Matt84]

But in Europe, countries can´t go back. The EU is irreversible. The aim is to give EU member states as much freedom as the soviet republics had.

Digressing a little but no parties in the Cold War ever had any intention of going to war. They say you can do more things in five years of war time, then you can in 50 years of peace time. The real agenda behind the cold war was to get the world to change and hell yeah it changed. It changed for the worse.

I've one read that totalitarianism is in effect once you lose the liberty to denounce it, once you lose Freedom of Speech. Taking that as a guide I guess the EU is still on a grey area, the Wilders trial will certainly mark a cornerstone.

But aside from that, the EU is not like the Soviet Union in that the latter was just the renaming of the Russian Empire. The Euro project is certainly something new, it has no central nationality, and in that sense, I find it advances the cause of freedom slightly more than it hampers it. Only Switzerland managed to have something like that going and on such a smaller scale.

 

[gusgutier]

I've always said Greece shouldn't have been allowed in the EU, the Greek economy has always been a mess. Even with the new eastern European countries, they are still one of the weakest links in the EU.

Shock as British deficit equals that of Greece

Britain's public finances are in a worse position than those of Greece, according to the latest figures on government borrowing. The Office for National Statistics said yesterday that January alone saw a net shortfall of £4.3bn, far worse than City forecasts and in a month which has always previously shown a healthy surplus. It puts the UK on track for a deficit of £180bn this year, or 12.8 per cent of GDP, economists said, shading the Greek figure, hitherto the worst in the European Union, of 12.7 per cent.
http://www.independent.co.uk/news/b...sh-deficit-equals-that-of-greece-1904129.html

 

[bigbadwolf]

Shock as British deficit equals that of Greece

But, er, um, cough, splutter, ahem ... well, okay, but the Brits haven't adopted the euro. To be frank, there is subdued talk of British sovereign default. The British economy is also a shambles. After the elections in a few months the winning party will have the unenviable task of implementing draconian public sector cuts and probably raising tax as well. Back in '75, the West German chancellor, Helmut Schmidt, contended that Britain was no longer a developed country. Nothing has changed since then -- if anything it's got worse.

 

[Moonwitch]

Shock as British deficit equals that of Greece

Britain's public finances are in a worse position than those of Greece, according to the latest figures on government borrowing. The Office for National Statistics said yesterday that January alone saw a net shortfall of £4.3bn, far worse than City forecasts and in a month which has always previously shown a healthy surplus. It puts the UK on track for a deficit of £180bn this year, or 12.8 per cent of GDP, economists said, shading the Greek figure, hitherto the worst in the European Union, of 12.7 per cent.
http://www.independent.co.uk/news/b...sh-deficit-equals-that-of-greece-1904129.html

Yes the UK is in a complete mess, it has been obvious for a long time as well. Many thanks Labour!

The question is why are we one of the biggest contributors to the EU when we have so much deficit? Also why has parliament allowed this to happen?

 

[Moonwitch]

But, er, um, cough, splutter, ahem ... well, okay, but the Brits haven't adopted the euro. To be frank, there is subdued talk of British sovereign default. The British economy is also a shambles. After the elections in a few months the winning party will have the unenviable task of implementing draconian public sector cuts and probably raising tax as well. Back in '75, the West German chancellor, Helmut Schmidt, contended that Britain was no longer a developed country. Nothing has changed since then -- if anything it's got worse.

That is so true. The UK has to be the number 1 declining country.