;)
Christopher Booker yet again sounds an alarm...
Saturday, May 22, 2010 at 15:37 At the tragedy, and potentially far worse tragedy impending, of the European politicians, the 'Eurozone', and the abyss.
... Greece was just the antipasto: Italy, Spain, Portugal and others are now hanging over an abyss of debt which scarcely all the money in Europe could fill – created by countries living way beyond their means, thanks not least to the euro's low interest rates. The only possible consequence of the collapse of one of the world's leading currencies, leaving Europe with no money to trade in, would be utter chaos.
What we are witnessing here is a judgment on the entire deceitful and self-deceiving way in which the "European project" has been assembled over the past 53 years. One of the most important things to understand about that project is that it has only ever had one real agenda. Everything it has done has been directed to one ultimate goal, full political and economic integration. The headline labels put on the various stages of that process may have changed over the years, such as building first a "common market", then a "single market", finally a "constitution". But by far the most important project of all was locking the member states into a single currency....
I shall miss my wine-rubbed goat cheese from Spain and my Pellegrino water from Italy and my good Irish butter when the collapse comes but reckon that I'll have more significant worries at that point.
