02 December 2010

I seem to hear... ancestral voices...

As I watch the impasse of the Euro crisis develop into a complete disconnect between the purblind political elite of Europe and the poor bloody peoples of Europe, punished by their masters in the name of a dogmatic Grand Project, I begin to fear that the prospect of war in Western Europe in my lifetime is no longer merely the stuff of nightmare.

It would seem that I am not alone.

How long do they think the serfs will put up with paying for the economic incompetence and political ineptitude of their remote and indifferent lords and masters?
It beggars belief, even as the EU faces financial Armageddon, that politicians like Ken Clarke can sit on a Question Time panel and pontificate infallibly that the Euro is not to blame for the present morass into which Europe is sinking. “This crisis is not caused by the euro,” he proclaimed ex cathedra.
You don’t need an A-level in Government & Politics to understand that the single currency was always destined to founder without political union. Remove from a nation the right to set its own interest rates to suit its own domestic economy, and in times of turmoil it is left either to tinker with taxation or slash spending.
Or both.
But what it needs to do it cannot do: control its own interest rates. There is no mechanism for anaesthetising the patient to ease the economic pain, and so the agony diffuses throughout the whole body; crippling, disabling and stifling the life out of even the poorest and most vulnerable in society.
Since the people are not particularly disposed either to high rates of taxation or to cuts in their public services, disquiet turns into protests; protests become marches; marches become riots; riots become social turmoil.
And social turmoil slips into civil war.

Lord Flight's analysis is equally dark:

... the necessary economic solution is gridlocked and the problems can only get worse in waves. There is the danger of political instability, as the weaker economies are increasingly ground down...
His solution is the departure from the Euro of Germany, which makes economic sense although the price which Germany's political elite would have to pay, personally, would seem to make it unlikely in the extreme. Unless the German people decide that they have had enough, refuse to shoulder - for the sake of the hated Euro and for the incontinent nations of Europe's periphery - a burden many times more painful than that which they accepted for the reunification of their own country, and actually overthrow their political elite (beyond the bounds of possibility... isn't it?) Germany will not leave the Euro.

Germany IS the Euro. To admit the failure of the doomed and now deadly currency is more than the German (and French) political elite is prepared to countenance. They would rather drive the peoples of Europe to despair and tragedy than admit they were wrong and try to rectify a dangerous situation entirely of their making.

I curse them for their lies and their lethal arrogance. Whatever fate awaits them, they have already brought upon themselves.

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