Most Germans want a return to the Deutshmark. Many economists don't see the euro surviving. I think countries will start dropping out of euro zone and I'm not sure the eu will survive this.
Most Germans want to ditch the euro
June 29, 2010 - 7:29PM
AFP
A majority of Germans wants to scrap the euro and bring back the old currency, the deutschemark, according to a new poll published on Tuesday.
The Ipsos survey showed 51 per cent of people in Europe's top economy wanted their beloved deutschemark back, with 30 per cent wanting to keep the euro. The remainder was undecided....
with eurozone rules. That country is the Grand Duchy of Luxembourg How can the euro survive?...
in Greece, Spain and Portugal. I know at least in Spain democracy is safe as long as HM King Juan Carlos and the Spanish Royal Family are around. It is interesting how apocalyptic this scenario is. I see the dissolution of the euro and maybe the eu in the next 5 years. I don't want dictatorships, but the eu is behaving like a dictator as it is.
* EU begin emergency billion-pound bailout of Spain
* Countries in debt may fall to dictators, EC chief warns
* 'Apocalyptic' vision as some states run out of money
Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.
In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel Barroso set...
Peer reviewed budgets a threat to fiscal sovereigntyAs British Chancellor of the Exchequer George Osborne prepares to deliver his first budget, a pecular process has gotten underway.Osborne is preparing to send his budget to Brussels, Belgium, to be peer-reviewed by the European Commission and other European Union Finance Ministers.The purported goal is to ensure that EU countries are fiscally responsible. The current cause celibre for this process is to pressure EU countries to cut government expenditures and eliminate deficits. The raison d'etre for this is at least partially the economic crisis engulfing Greece, and threatening to spread to other EU countries like Spain, Italy, Ireland and Portugal.The peer review process is controversial in Britain, and rightfully so.While the current...
It looks more and more like the euro will not survive. Can the eu be far behind?
Greece urged to give up euro
Robert Watts
THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency to boost exports. The only way this can happen is if Greece returns to its own currency.
Greek politicians have played down the prospect of abandoning the euro, which could lead to the break-up of the single currency....
I am an eurosceptic. I think the eu is a statist monster. It was basically formed so France wouldn't have to surrender to Germany yet again. It's interesting that Sarkozy threatened to leave the euro, if Germany didn't surrender. Germany has cancelled tax cuts, Chancellor Merkel hasd lost her majority in the upper house and her coalition partners are very unhappy.mEven lefty nick clegg no longer talks about joining the eurozone. I'm not sure if this all bodes well for survival of the euro. Weakening brussels is good news.
Nicolas Sarkozy threatened to pull out of euro over Greece row
French president Nicolas Sarkozy warned of damage to Franco-German relationship if Angela Merkel opposed EU plan
Ian Traynor in Brussels Giles Tremlett in Madrid
guardian.co.uk, Friday 14 May 2010 19.00...
At the Canada EU summit where he fought the eu socialist's bank tax. HM PM is right the economy is what should be discussed , not the climate hoax. The markets are jittery today.
Then off to honour Our Honoured veterans in Holland. Listen here
Excellent work as usual by HM PM....
Tony Blair endorsed by Taliban-bribing BerlusconiTony Blair's campaign for the soon-to-be-created office of the President of the European Union received a significant boost today, as Italian Prime Minister Silvio Berlusconi endorsed him for the job."Tony Blair has all the right credentials for becoming the first president of the European Council in the terms enshrined in the Lisbon Treaty, and to be appointed to that post as soon as it is legally and politically possible to give the go-ahead to the implementation of the clause renewing the union's governance," Berlusconi wrote in a letter to Il Foglio.But this is one endorsement that Blair may want to distance himself from.As it turns out, Berlusconi's government has been bribing the Taliban to keep their operations quiet in areas where...
Blair Presidency not inevitable after allAs Michael Cockerell notes in Tony Blair: The Inside Story, Tony Blair ascended to the Prime Ministership of Britain riding a wave of enthusiasm that had marked him as a "figure of destiny".When he finally left the Prime Minister's Office, it was a tide of discontent that hastened his departure -- and now threatens to wash his Labour party away.Recent speculation suggested that Blair may ride a similar wave of enthusiasm into the soon-to-be-established Presidency of the European Union. That enthusiasm is said to have deeply taken root in the European leaders who will ultimately elect the EU President.But, as it turns out, there seems to be some opposition to a Blair Presidency crystalizing. Some may feign surprise that much of this opposition is...
Former British PM's EU Presidency campaign has real momentumAs Michael Cockerell seems to infer in Tony Blair: The Inside Story, former British Prime Minister Tony Blair rode to his premiership at the head of nearly unprecedented enthusiasm and hope.Blair arrived in office with sky high expectations, but managed to squander his surplus of political capital amidst infighting with his Chancellor of the Exchequer and questionable foreign policy decisions (namely, the Iraq war).But if there's life after death in politics -- or at least new beginnings after "the end", as Blair himself described his departure from No 5 Downing Street -- Blair seems to have found it.Speculation seems to hold that Tony Blair will win the Presidency of the European Union.Much of this may, however, simply be...
Ever since the arrival of former prime minister Pierre Trudeau’s ill-devised Charter of Rights and Freedoms almost thirty years ago, anyone somehow managing to set foot on Canadian soil has been afforded almost the same rights as any Canadian citizen, to the point where Canadians have asked themselves why anyone would even bother to become a citizen when non-citizens, including illegal immigrants or bogus refugees, often enjoy more rights and privileges than someone born in this country. The Charter has thus paved the way for Canada to be abused by criminals, potential terrorists and generally anyone else who doesn’t believe......
Now that Canada has decided to reintroduce visas for travellers from the Czech republic, to stem the flow of bogus Roma “refugees”, the EU demonstrates yet again that it doesn’t believe in democracy: The EU executive will propose next week to allow citizens of Montenegro, Serbia and Macedonia to travel to the bloc without visas from the start of next year, the EU justice commissioner said on Thursday. "A proposal will be made next Tuesday in Strasbourg to liberalise visas for nationals of the Western Balkans," Jacques Barrot told a news briefing in Brussels. "Under this proposal, the new regime......
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The harsh truth about the EU and the Treaty of Lisbon: Ireland’s EU commissioner Charlie McCreevy has said that every political leader in Europe knew that a referendum on the Lisbon Treaty would have been rejected by 95 per cent of the 27 member states. Mr McCreevy yesterday expressed the view that the attitude of the leading politicians in other European states to last year’s No vote on Lisbon was realistic and understanding. He contrasted that attitude to what he portrayed as the “shock horror” reaction of EU functionaries living inside the “Brussels beltway” and those of heads of state......
It was such a simple rule: if just one member state rejected the Treaty of Lisbon, the “dirty little treaty” would have to be abandoned altogether. The Irish, therefore, felt quite secure in their decision to vote against the Treaty last year. Unfortunately, the corrupt eurocracy in Brussels didn’t keep its word – or stick to its own rules. They forced the Irish to vote again, and again, and again until they got it right. Holding a democratic vote or referendum on such changes of continental significance is not to be confused with the democratic principles upheld in democracies around......
Yours truly was on Iain Dale’s radio show in the UK again. I think it’s a good summary of the main reasons why Europeans have voted so overwhelmingly for anti-EU parties in the recent European elections. Iain had a new assistant today, Sarah, and you’ll hear her at the start of the segment. You should turn up the volume to hear Iain (and Sarah) – for some reason, I come in at a higher volume than the show host himself! Below you’ll find two different audio players. Use whichever is visible and works in your browser and for your specific......
Susan Martinuk thinks that Europe has become a “powder keg” in the wake of the recent European elections, with several far-right and ultranationalist parties winning seats in the European Parliament. As I wrote in my web column, Europeans are not going to be goose-stepping through the old continent rounding up foreigners wherever they find them. People voted for those parties because they had been utterly and thoroughly frustrated with the undemocratic EU. Doug Saunders in the Globe and Mail describes the situation quite well, telling us, for example, about Frank Verhoef, a Dutch liberal, who has just voted for Geert......
An interesting article about the EU elections, though I reject the idea that the BNP as a right wing party.The left in Europe is in retreatThose who think Toronto Council is unwieldy with 45 seats for the metro area should thank their stars that they aren't the European Union.Weird as the EU is, it's a mite weirder today after elections to its 736-seat Parliament (from 27 member countries) put right-wing parties into the catbird seat -- many of those parties' members want the EU Parliament, to which they've been elected, eliminated.Extreme and centre-right parties won 313 seats, while usually dominant socialist parties and extreme left got 217 seats. The rest went to liberal, green, independent parties and to just plain individuals.But the left in Europe is in retreat -- in Germany,...
In the elections to the European Parliament, European voters in all member states were called upon to elect their MEPs. Voter turnout was barely above 40 per cent – the first sign that Europeans are anything but satisfied with the way the European Union has evolved in recent years. For a start, there is considerable discontent over the Treaty of Lisbon, a warmed-up version of the previous attempt to impose a European constitution. To everyone’s surprise, the constitution was rejected by French voters in a referendum in 2005. Under the rules, if just one member state voted against it, it......
Here's a great example of why I am 100% against Big Government, special government funding, equalization payments, corporate bailouts and the European Union as such: European Union aid designed to protect the environment was instead used to buy a Ferrari Testarossa, according to documents just published in Brussels. Funds intended to boost the use of solar panels were used to buy the Italian sports car, the documents claimed. An unnamed dentist from Consenza, in Italy, is under investigation for allegedly siphoning off cash from the EU's regional development fund, to which Britain contributes, the European commission has confirmed. [...] "A......
When a major international organization like the OECD speaks, everyone, including prime ministers and presidents, is well-advised not only to listen but to actually follow the advice thus received. In a recent report, the OECD left no doubt as to what governments should do in view of the current economic crisis: Stimulating the economy is a good thing, but “aid to specific sectors should be resisted.” Why, then, are we still wasting precious time trying to decide the fate of failing/failed companies such as the Detroit Three? Anyone can see that the experts at the OECD know more about these......
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There's no doubt in my mind that President Barack Obama means well. Honestly, I think he's an extremely decent individual, who wanted to be president because he had had enough after watching his country go to pieces one by one. But an economist he isn't, albeit with a big heart, or so it seems, and whatever economic or fiscal decisions he takes, they will be informed by the input of his advisers. I can't really fault him for wanting to spend trillions of dollars on saving his fellow Americans. I'd probably do the same thing. America is in a really......
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policies are destoying the global markets....
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okay, so a brief post, posited off a discussion i've been havig over the last few days with various people who continue to bandy about the term 'socialism' in the weird way it started to be used in the last few days of the election campaign."Obama is a socialist""The Democrats want to bring socialism to America!!""Obama and the Democrats want to make America like socialist Europe!!!"Well, let me clarify something. As someone who hails from so-called 'socialist' Canada and who has lived in 'socialist' Europe; can we just, as people with common sense and a dictionary, agree that European countries, Canada, Japan, Australia, South Africa, New Zealand and every other advanced economies in the world are, not, in fact, socialist countries?Can we just agree on that?If you want socialism look...
This is good news – and long overdue: The leading Labour rebel, Frank Field, has teamed up with senior Tories to demand a cap on the number of immigrants settling in Britain. In a move that will alarm Downing Street, Field will tomorrow become the first prominent Labour figure to tackle Gordon Brown openly over the explosive issue of immigration. A former welfare minister under Tony Blair, Field will join Nicholas Soames, the Tory MP, to call for a huge reduction in the numbers of non-European Union workers who settle permanently in Britain. Soames, a former minister under John...
Ah, Doug Saunders, the Globe and Mail's correspondent in London. It must be nice to live in London on an expense account paid for (and padded) by Canada's main media outlet. Living in such la-la-land, therefore, it is easy to wax philosophical – after all, one is not obliged to do any real work – and write open letters to the Italian head of government on how Italians should or shouldn't treat the immigrants, refugees and illegals in their midst. Apart from this being a gross violation under international law, i.e., interfering with the domestic and internal affairs of...
The Polish president is now refusing to sign the Lisbon Treaty. The Eu may finally have to listen to its citizens. The plutocrats may finally be humbled. They thought they could bully their way out of this mess. It is also like the Czech Republic will also not sign this massive power grab.Poland in new blow to EU treatyMr Kaczynski's comments mark an unhappy start for Mr SarkozyPoland's President Lech Kaczynski says he will not sign the EU's reform treaty at present, following its defeat in an Irish referendum last month.He said it would be "pointless" to sign the Lisbon Treaty, even though Poland's parliament has ratified it. All 27 EU members must ratify the document.Mr Kaczynski was speaking as France took over the EU's rotating presidency.French President Nicolas Sarkozy said...
I met Theodore Darymple a few years ago at a Civitas meeting. He is obviously a Eurosceptic. he understands the massive elitist bureaucracy that runs the EU. he understands "What the people of Europe want is completely irrelevant."Not to worry, the European political elites soon recovered from the shock. Ireland, they pointed out, is a small and peripheral country, and not a founder-member of the European Union. Anyway, what does it really matter if referendum after referendum, in Denmark, France, the Netherlands and Ireland, defeats the proposals of the European political class? The proposals can always be enacted regardless, by other means. What does it matter if two-thirds of Germans regret monetary unification, as do the French and the Italians? What does it matter if Prime Minister...
An interesting column by Lord Black he like me wants Governor Bobby Jindal to be Senator McCain's running mate. He also discusses the Lisbon Traety. The United Kingdom should enter into a free trade agreement with North America. The EU is a corrupt bureaucracy which is undemocratic.Now that the “WASP male only need apply” sign has been torn down, pulverized into particle board and burned, why shouldn’t McCain take the 36-year-old, East Indian, ex-Hindu, Roman Catholic convert, politically and religiously conservative, governor of Louisiana, Bobby Jindal? The melting pot that America has boasted about since George Washington’s visit to the Newport Synagogue is an idea whose time has come, like the era of the non-Italian pope....