The two criminal incompetents who created the Euro crisis; debate on the BBC

In Tokyo, on the fringes of the IMF meeting, the BBC has hosted a truly mind-boggling debate between the two prime perpetrators of this present, now near terminal phase of the Euro Crisis.

Read the archive from May 2010 of this blog, when these two characters put in place the structures designed to deliver Economic Governance to Germany of the entire EU, just as I stated in the last posting of that month from which comes the following:

Monday, May 31, 2010

Economic Governance was always the EU objective!

There is a rather startling article in the Market Watch section of the Wall Street Journal this morning. It is written by David Marsh, linked here, titled "Germans to the front in Europe"and includes this assertion: The irrefutable message being relayed at home and abroad is that Germany is seeking gradually to take control of the European economy -- in a last-ditch response to what Berlin sees as other countries' widespread failure to put their house in order. Regular readers of this blog and its forerunner cannot help but be aware that non-democratic economic governance and its consequent tyranny of corporatist totalitarianism (once called national socialism now mutated to become an intra-national version of economic fascism) has been the objective for years as the progress towards this end has been clearly recorded and commented upon on an almost daily basis right here over many years. Given these blogs archives the following facts can thus not now be convincingly disputed: The common currency had to fail without fiscal union and social harmonisation. Greece never met the currency criteria and its present crisis was not only foreseeable but therefore became a desired objective. The emergency measures designed to save Greece were never going to succeed and were thus implemented to destroy the Treaties and therefore the rule of law within the EU. The silence of all governments, both within the Eurogroup and those outside the Eurogroup but within the EU since 10th May speaks for itself. If I, as a non-economist and merely interested commentator, have been able to chronicle and foretell these events down the years, how come the Wall Street Journal columnist and author of the linked article remains so blind?

Labels: Euro collapse

posted by Martin at 8:34 AM