Even now, when it is obvious to everyone but politicians, journalists and most economists, that “bailouts” don’t work – cannot work – never in a million years would work, do we have emergency
meetings between, France, Germany and Greece “to sort out the ‘crisis'”, again. These meetings, being held today, won’t work either because of the refusal to face reality.
The reality is that Greece is totally bust, Portugal, Italy and Spain are almost bust and therefore the Euro is doomed because the remaining members of the Euro-zone will never be financially viable unless they grow at their own pace with their own currencies.
The European Union was only ever a political construct based on the need to stop Germany invading us all again!
The Euro-zone was a political construct to kill off the USSR for good by tempting in the former Soviet Union’s satellite countries.
This from Yannis Varoufakis
“In 2013 Greek taxpayers borrowed from the rest of Europe’s taxpayers €41 billion to pump into the Greek banks. This is well known. What is not known is that, also in 2013/4, the Greek banks received an additional, well hidden, €41 billion bailout loan from Greek and European citizens. This bailout was never authorised by any Parliament or even discussed in public anywhere in Europe.”
The real solution?
Move from denial to acceptance by:-
- Realising that the 30 years old debt mountain madness has crippled the West and its current version of capitalism
- Realising that the “markets” are self serving and are a pointless construct for you and me
- Reforming the EU back into the EEC thus saving billions in pointless activity that serves nobody but the Berlusconis and Kinnocks of this world
- Letting the Hedge funds and casino banks take their long overdue haircuts
- Waiting for 25 years while we gradually sort ourselves out.
That is reality – tell me I’m wrong and why!
