The EU wont fail

There is a lot of sniping and snide remarks spinning around in the press and in the blogosphere. Some from eurocrats and some from eurosceptics; the eurocrats claim that it is our fault, the unyielding minority, that the euro is in such dire straits. Eurosceptics of a not-so-informed ilk are on the other saying that finally the day has come for the monster to be brought down.

Both are wrong.

What is going on now is not entirely clear but there is a lot spin, misinformation and propaganda to make it appear that our dear leaders in Brussels have a clue as to what they are doing.

You see the problem with the euro is that it is a complete gamble. A gamble of launching a premature and dysfunctional currency without a central treasury, or debt union, or economic government, to back it up – and before the economies, legal systems, wage bargaining practices, productivity growth, and interest rate sensitivity, of North and South Europe had come anywhere near sustainable convergence. Looking at the press releases it would appear that it is all about to backfire.

Happy days I would say. If not then that too is fine, judging from the spirit of my fellow kinsmen of my age, ladies and gentlemen alike, the EU does not stand a chance of ever being accepted in this country - ever. If it is not accepted that we should live as a satellite state of a foreign vestige of power, a power which has not been elected by us the people, then that power cannot survive. I was walking past Buckingham Palace last night and if you recall the EU tried putting their flag on the castle in Prague, not realising they were up against a real man in the form of Mr. Klaus they got properly harangued as a result. Thank god. If they tried that in the UK I can honestly see people breaking in and taking it down - which is why they never have; they know they can push the UK but not too far.