In a Karlsruhe Court Euope's Future is being Cast

Germany has conqured Europe once again!

What is now being debated in the Constitutional Court of that once again united and thus newly dangerous country, is whether and how those conquests will be handled and dealt with over the coming years.

The potential for aggression and further oppression is fearfully demonstrated in the sudden closure of the Greek state broadcaster this very week.

Other reporters on this topic have not spelt out this reality quite so clearly, some of that comment, eg from Time and The Economist's Charlemagne, is linked.

The direction of the eventual court ruling, while not due for months, will be likely discernible as the general election campaign, now underway, progresses within Germany.

The leaders of the other EU Member States need to immediately halt their studious pretence of being merely disinterested lookers-on.

All Europeans have a vested interest in the outcome of the daily growing horror now surely plainly discernible to all!

IMF appear to have abandoned the Troika

Initial reports on the overnight "supposed" rescue package for Cyprus, including the press statement given by IMF Managing Director Mme Christine Lagarde, appear to exclude that organisiation from immediate participation in the deal to save Cypriot banks agreed in Brussels overnight. The €10 billion forthcoming is thought to be some €7Billion shortfall from the #17 Bilion widely accepted as the amount necessary to prevent a collapse in the island's economy!

Eurogroup Statement on Cyprus 25/3/13 in pdf

A Statement made by Mme Lagarde, played on BBC World Service radio at 0500 GMT, made no mention of any IMF involvement in this latest rescue package for the now clearly doomed European Common Currency, the Euro!

Update BBC report with Lagarde statement video

Bank Run Fear as Depositers Scalped in Cyprus

Reuters reports linked here, on the scalping of ordinary savers in Cyprus by the EU authorities, (increasingly desperate to save their political project of the Euro and now clearly prepared to stop at nothing in an attempt so to do,) seem instead to have sealed its fate this Saturday morning!

The last thing these blinkered idiots could have desired was headlines regarding potential bank runs!

Where is there a safe haven for ordinary ciitizens savings in the monstrous undemocratic beast these people have created? Yet the conclusion to that report's first paragraph is as follows "despite the risks of a wider bank run."

Given that the British Government itself is part of this secretive regime, are even sterling deposits in English banks now safe from the demands of ever more cash for this voracious and bankrupt monstrosity that EU has become?

The Coalition Government in its actions over HS2 and elsewhere daily demonstrates it is completely subservient to the diktats of Brussels. All three of Britain's main political parties are now themselves almost completely reliant on EU disbursements!

Presumably only in Germany can EU citizens feel complacent over the sanctity of their savings, as elsewhere debts have mounted to giddying sums in a vain attempt to satisfy the infinite demands for supposed but unachievable European Unity.

Only Clegg has the power to rid us of the mess in Cameron's mind!

On 5th September 2010, I wondered on the apparent absence of any moral compass in the make-up of Prime Minister, David Cameron, over his appointment of Andy Coulson, to Downing street, read here. That posting concluded with the following stark truths for Liberal Democrats:

Liberal Democrats not wishing to now become tarred by the same brush of sleaze, half-truths and downright untruths which the Downing Street media manipulation machine has become over recent years should quickly re-examine the backgrounds and lack of integrity and judgement that seems to be the rule among the leadership of their coalition partners as Parliament re-convenes after its long break during the past crisis ridden summer. Does the country really wish the connotation of 10 Downing Street to be set by former News of the World editor Andy Coulson? If so many former Tory Prime Ministers must now be turning in their graves.

In May this year a wake-up call to Paddy Ashdown on the Blog Orphans of Liberty, to which I at least received the courtesy of a reply, that cannot be linked at present as the site is down, but the repeat of the posting on this blog is linked here. It began as follows:

In the fraught days of two years ago, when the general election delivered a hung parliament to Britain, the crucial role played by former Liberal Democrat Party Leader, Lord Paddy Ashdown, became evident through his frquent media appearences and statements. An even more critical turning point now presents itself to this senior party grandée, and self-appointed representative of decency within Britain's system of governance.

Can Lord Ashdown still shrug off my concerns so readily today as he felt able so to do last May?

Last evening on Sky News we watched Business Secretary of State, Vince Cable, squirm on the Jeff Randall Live interview, whilst trying to defend the completely odious Lord Green whom it appears was content to oversee activities while in charge at HSBC  rightly condemned last week in the US Congress.

Nick Clegg must be woken up to realise that the connotations of linking names such as Osborne/Oleg Deripaska and Coulson/Wade will hardly sit well with voters seeking a change from the present corrupt methods of contemporary politics and an escape from being governed according to the priorities and perogatives of the messy mind inside the head of David Cameron.

All this takes on an even greater urgency when the extent of the disaster in the Euro Group is taken on board, Britain will need some right thinking individuals looking out for the nation's interests as these events unfold, as it appears ever more doubtful that this crisis is going to permit Europe's leaders and coddled fonctionaires their usual two month summer break, while matters fester and deteriorate ever further, they can hardly surely now hardly get any worse?

An awful alliteration on neutered non-nations for Euro Euthanasia

The Euro, a corrupted coin, has assaulted Austria, besmirched Belgium, crippled Cyprus, eschewed Estonia, fiddled Finland and F****d France, gouged Germany, garrotted gasping Greece, immolated Ireland, imprisoned Italy, laid lower little Luxembourg and minor miniscule Malta. It has neutered the Netherlands (hobbling Holland, eh!), pissed 'pon Portugal, stained Slovakia, sacrificed Slovenia and surely screwed Spain!

The Euro is a currency corrupting countries and destroying democracies, for the personal pleasures and political power plays of professional politicians.

Euthansia for the Euro, NOW!

UniCredit shares suspended for 2nd Day Running

After demand for the French Bonds almost halved, read here, the Euro comes under more pressure as the shares of UniCredit dropped another 10% and were suspended again in Milan, read here.

Watch a short debate on the Euro Crisis from Real News

Is the Euro Crisis Over?

William K. Black, Paolo Manasse, and John Weeks discuss the Euro and the danger of global recession

Update 1700 GMT: An interesting example of some of the insanity presently underway in the EU comes at 16 minutes in the debate.

Merkozy Dinner For One

German speakers make an old English film "Dinner for One" part of the Christmas season every year. Now it has been spoofed up for Merkozy and the Euro fiasco as may be seen here:



More light entertainment at the expense of the Euro currency after ten ghastly years of its wealth-destroying presence in notes and coinage, may be found on the blog of "The Boiling Frog," linked here.

10 years today since Deception and Delusion were cemented to rule the EU!

Those driving the EU forward, well knew when they introduced the notes and coinage of the Common Currency of the EU onto the streets of the majority of the member states of the EU under EMU, that the economic case and history pointed to the ending we are today witnessing.

For their own political motives, in my view used to disguise their personal lust for power and private prosperity, they first deluded themselves and then proceeded to deceive the wider public all across the EU.

Deception and deceit thereafter became the rule in nearly all the dealings of the EU, it will be that fact, slowly but surely becoming obvious to the majority of the people across Europe, occurring much sooner than many could possibly imagine, that will bring this odious institution that the EU has now become to an early and hopefully rapid end.

Whether it is the Euro that goes first or second is an irrelevance.

EU has effrontery to refer to Egyptian citizens' "yearnings".

A report from the EU Observer, linked here, carries this headline "EU to Cairo: respect 'legitimate yearnings' of citizens"....... what about the yearnings of the citizens of the EU for a return of their democracies, an end to unaudited spending excesses, a halt to systemised corruption and respect for the results of national referenda?

Look at the poll results in Germany, posted immediately beneath this posting, at lunchtime today! 68%, that is correct 68% of those asked expressed distrust of the Euro currency! (Link added to poll results on Open Europe Blog 1315 CET 27/11/11)

An Irish view of the Euro crisis in 2011 - EU Federalists' dreams fulfilled.

Dan O'Brien, Economics Editor for the Irish Times sets out a wide-ranging view for the economy of his country this morning, linked here. The article concludes with his views on the prospects for the Euro, which I quote below. English readers should pay careful note,  written as it is in their native tongue from a country within the sixteen nation Euro Group:


In 2011 there are, broadly, three possible outcomes for the euro crisis: decisive resolution leading to a restoration of calm; continued crisis with regular flare-ups and concerns about the currency’s future viability heightening, and a breaking apart of the euro.
The first outcome appears the least likely of the three in 2011. The problems are so deep and the record of euro area governments and institutions in dealing with them so poor that it is difficult to envisage a calming of the crisis.
By far the most likely outcome is a continued muddling through, with more ad-hoc measures put in place to deal with the crisis. Those measures will become more radical if the situation deteriorates.
A bailing out of Spain (Portugal’s rescue can be taken as a given) would bring the crisis to a new level. The €750 billion available under the current rescue mechanism, in whose embrace Ireland will be gripped until the end of 2013, would be exhausted.
Italy would then be next in the firing line. Its government is the third most indebted in the world in absolute terms, after the US and Japan. In 2011 alone, it will need to borrow €350 billion, mostly to pay back (or “roll over”) existing debt. If it cannot do so, the extension of the bailout mechanism would be unlikely. More radical steps would be necessary. Even if a massive money-printing programme, of the kind undertaken in the US, were to be given the all-clear by Germany (something that is very unlikely), it would probably not be enough at that point to break the vicious circle.
The choice facing Europe in that eventuality would be to allow the euro (and the European banking system) to collapse or to take a large leap towards further political integration in the form of fiscal union.
Europe may well find itself in 2011 having to choose between a meltdown of apocalyptic proportions and taking a very large step towards European statehood. It is unthinkable that the former would be permitted, so the chances of the latter are not inconsiderable.
Euro federalists may have their hearts’ desire in 2011, but hardly in circumstances for which they would have wished. (Blog editor's added emphasis)

The reaction to such a EU federalist's dreams being realised in Scotland will IMO be quite different to that of those who consider themselves as British/English. Our Prime Minister, who fondly boasts of the Scottish blood flowing thickly through his veins and other similar closet Scottish nationalists will probably delight at the opportunity a federal EU will provide to finally cast aside the remaining ties to England (although, given their very nature they will no doubt fight to the last to retain the unfair subsidies with which English taxpayers have been burdened for decades under the Barnett formula).

In England in view of the EU federalist views of Cameron's coalition partners, resistance to our joining the long-envisioned federal super-state will therefore be made doubly difficult. Yesterday's tell-tale debate on the blog ConservativeHome to nominate the top Liberal Democrat politician for 2010 (where my nomination of David Cameron was twice rejected for publication) must surely alert any remaining opponents of a federal EU super-state within the Conservative Party to now withdraw from that party and properly prepare for the final battle for our nation's independence which quite clearly now lies just around the corner!

A huge burden now falls on the voters of Oldham and Saddleworth when they vote on 13th January. If the consensus appears in two weeks time as a complete rejection of the three main parties, however expressed, then those believing in an independent Britain, re-establishing its strong international links through the Commonwealth and throwing aside the corporatist totalitarianism of a non-democratic EU will perhaps gain the courage to break free from the claustrophobic constraints of the three conspiratorial parties who are the enemies of democracy and individual liberties across the UK while wearing the disguise of " good europeans"

Greek Tragedy

My comment to The Times Leading Article today (with the above title), linked here, was as follows:

Martin Cole wrote:

The issue is whether the EU is to be allowed to temporarily (?) remove Greek Sovereignty. If so for what reason? The economic excuse does not hold water as the IMF exists to handle such events. Your paper reports that the German Chancellor is objecting to an IMF rescue suggesting pride as a cause. Can this seriously be the case? Is wounded pride sufficient reason to remove self-rule from the nation that was the cradle of democracy? Whatever precedent is set by the Greek crisis will soon be likely to also need to be applied to other countries within the eurozone in similar plights, drastically upping the stakes. Britain is in a different plight where IMF intervention remains a likely possibility. Even the cowed and disenfranchised British electorate would thus surely reject EU intervention to aid euro-zone basket cases under article 122 of the Lisbon Treaty?

February 10, 2010 5:26 AM GMT on community.timesonline.co.uk

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Germans may save Greeks on their own!

As widespread strikes spread across Greece Spiegel Online reports that the Germans might mount a rescue on their own; here. Another article from that report worth reading is here. At PMQs in Westminster, meantime, PM Brown twice fielded questions as to whether Britain would refuse to aid Greece, firstly responding that there were provisions available under G20 arrangements and secondly to the EU savvy Labour MP Gisele Stewart with a more aggressive negative response.

Conflicting headlines proving the World has gone MAD

Six years ago this Thursday (Thanksgiving Day in the USA) the New York Times (linked here) reported as follows: +++++ France and Germany Given More Time to Curb Deficits By MARK LANDLER and PAUL MELLER; Mark Landler reported for this article from Frankfurt and Paul Meller from Brussels. Published: Wednesday, November 26, 2003 Europe's finance ministers have agreed to suspend the fiscal rules that underpin the euro, eliciting sighs of relief from France and Germany, but driving a wedge through the 12-member monetary union and raising fears about the stability of the single currency. +++++ Now we have credit rating agencies warning on the French deficit, read here, with newly planned loans rising above 10 per cent of GDP and the French Finance Minister reportedly stating in face of German complaints "We ar not Germans". And the Euro is a success??

Purbeck Island, Dorset to accept Euro 1 to 1 with the pound

Read the report from Swanage linked here. AND SO IT BEGINS!