Euro lack of democracy

Messers Sarkozy & Merkel prove once again there is an alarming lack of democracy within the European Union as we quite now clearly we have a duopoly running the show of 17 & for that matter the 27 too.

The 27 have been quietly stitched up by Lisbon, the leaders of the 27 were lead to their Auschwitz with little more than a whimper, the 17 are now locked inside the walls with the other ten on the train heading every closer to their end too. 

The Franco German duopoly has created a vehicle cold war Russia would have given their back teeth to exploit except this has cost a whole lot more than the arms race ever did.

The damage to the continent is being enacted like an episode from Star Trek where lives are being destroyd  by the decree of machines & unelected autocrats. Rather than the dropping of messy bombs lives are being destroyed for the imagined greater good of saving the Euro which is the disease that is killing the whole European project.

If the European Project is to be saved Member Countries must revert to their own currencies & they must be responsible for maintaining a fixed (Locked) currency rate with the imaginary “Euro” , they alone must take responsibility for their currencies & would have to increase their interest rates or lower them to maintain the equilibrium or face massive fines from the European Union.

 We all know how difficult this is when the markets spot a flaw in a member states economy as the previous UK Conservative Administration found in the 1990’s when they were forced out of the European Exchange Rate Mechanism countries that cannot maintain their fixed rates would have to be dumped out of the new ERM as well as fined until they get their house in order & can re enter.

The member states know now however that running a manageable deficit is beyond many member states because they cannot collect taxes. Quite simply many member states Revenue & Tax collectors are simply not fit for purpose they have been quick to give money away bribing the voters to gain re-election  & have had no qualms in borrowing vast sums to ensure the gravy train continues to run full steam ahead.

Many of the leaders in the European Union are career politicians who have barely done a days work between them, they go to University & get into politics, they bypass work altogether & rely on their advisers who again have never done a real days work in their lives either & working in the media world is not the real world.

The real wealth generators are the private businesses not a Quango or Teachers or Bus drivers or dinner ladies. Without the “Real Wealth Generators” the country cannot gain an income through taxation to pay for the services that people have become so used to being in receipt of. Wealth creators are on a seesaw so long as the tilt is in their favour they will continue to make profits which pay the taxes but if the taxes & red tape start to change the tipping point the companies will simply cease to exist or relocate to other jurisdictions which provide a better environment in which to operate.

If the Euro is to survive it has to be by the order of the people they have to want it, it has to be democratic & it has to be worth the short term pain, unfortunately it isn’t worth the pain so it will fail if not in the short term, certainly in the long term.