Showing posts with label European Union. Show all posts
Showing posts with label European Union. Show all posts

Saturday, April 6, 2013

Is the European Union insanity incurable? - Don't answer that.

Europe's current look.
"Insanity: doing the same thing over and over again and expecting different results." - Albert Einstein


The European heads of state and governments are sitting in a burning house haggling over the total sum they will have to rustle up for the water damages from putting out the fire. The reproach that they have lost contact with the citizens doesn’t ring true: the fact is, they never had any to start with. The system we live in neither provides for nor admits any legitimate representation for the citizens of Europe. 

Whoever makes “democratically legitimate” policy at the European level – that is, who has been elected to do so – has come into that position only through national elections and must, to survive politically, defend the fiction of “national interests”. Whoever today at the summits of the European Council always obstructs Community interests to win the approval of the national electorates harms all the others – and, considering how interlocked the nations are within the European single market and the eurozone, harms his own. 

I once had great hopes invested in the Frankfurter Allgemeine Zeitung invested. A newspaper so serious that it never used photographs in its first page when it was the standard practice. And yet I begin to read the note by noticing that the authors acknowledged that the current European Union deepest flaw was the lack of representativeness. A bunch of unelected, unaccountable bureaucrats in Brussels dictate to 493 million people how they will live, and always get away with it. 

Otherwise, the Euro project wouldn’t have been advanced in spite of the doom forewarnings that became true. The smart guys in the European room might have realized that the economic collapse with such an arrangement was inevitable, as it would be inevitable the proposed “fix”: a fiscal union, something closely resembling the French-and-Dutch-rejected constitution for the United States of Europe. The repudiation sent such intense shockwaves along the members of the EU, that no more referendums were held after these, leaving Austria, Germany, Greece, Hungary, Italy, Lithuania, Slovakia, Slovenia, Luxembourg and Spain completely flat. Of these countries, Greece, Italy and Spain are experiencing the worst crisis since the UE started. The water is boiling, but they insist to keep their hands in the heat. 

And that’s precisely the solution proposed by authors Ulrike Guérot and Robert Menasse: to “pay attention to the dreamers” and proceed with full steam to install a European Republic, i.e. keep the euro currency, implant a fiscal union and abolish all the nation states that conform the Union. 

Insanity...
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Saturday, June 2, 2012

Wednesday, February 15, 2012

Greece: here we go again!

The never-ending greek tragedy (now with 35% more lively riots!) reaches new doomsday scenarios every passing week, without a definitive outcome. Every now and then appears a bigwig telling us on TV how white this new debt agreement can be (this time, for real). Well, he can’t be telling the truth, because:

Austerity measures don’t work in a dead economy, like Greece’s is, and greeks won’t freely accept new third – world standard living conditions; even knowing that the welfare state is no longer sustainable.
• Prodigality must end, but with an agreement on fundamentals. Otherwise the malcontents will always end in “soak the rich” demagoguery (counting with the silly notion that the Onassis crew will stay much longer in Greece to watch it burn). Ever notice how pensions and entry – level bureaucrats’ wages are cut, but never parliamentarians’, ministers’ and the like? "Everyone gets a haircut or no soup for you!", should be the motto of the new Greek survivalist social contract.
• Not even Somalis like to be treated like a bunch of ignorant troglodytes. The Greek Nation must have screwed it the big time as a whole, but you don’t need to be a political scientist to perceive the humiliation feeling clouding over Athens and the rest of the country. Angela Merkel’s face expression seems to say: “Eat those damn vegetables now!” Not funny, if you're the kid.
• Maybe a debt ratio of almost 150% of the GDP is not payable at all. By definition, they should surrender their entire economy and then work for free to produce another half of the given up GDP and hand it to their debtors.

Regarding this last statement, finally the EU senior partners are finally having it: Talks of a disorderly default are beginning to appear in the press. Greeks could find themselves left to their own devices.

But being still members of the eurozone? Still clinging to the EU? The EU senior partners are so invested in the success of the Euro experiment that they would take Greece’s departure as an unspeakable defeat. But they don’t feel cozy with the idea of supporting a bunch of “freeloaders” that won’t surrender their fiscal sovereignty for the rescue of their self – ruined economy, either.


There are still options, but a lot of pride on both sides, too. No satisfaction.
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