Welcome to Capital Account. Germany’s Constitutional Court ruled the Eurozone’s permanent bailout fund, also known as the ESM, does not violate the country’s laws. Reportedly, there is some ambiguity in the ruling that could beget more political wrangling. Lauren speaks with Godfrey Bloom, Member of the European Parliament and the UK Independence Party, about what motivated the court’s decision and the problems that lie ahead for the European Union.
Meanwhile, the European Commission president Jose Manuel Barroso, in his State of the Union address, called for a federation of nation states (a European Superstate) and unveiled plans for the ECB to supervise all Eurozone banks. But was it the lack of a centralized banking regulations that contributed to the debt crisis or is this really about something else? We ask Godfrey Bloom if integration is really the solution to the EU’s problems.
And despite attempts at integration and consolidation in the EU, there are more signs of fracture. While Spanish leaders delay decisions on seeking an ECB bond bailout, the crisis fuels the independence movement in the Spanish region of Catalonia. Could this be one of the ironies of integration?
The entire so-called EU is a totalitarian disease that has nothing to do with financial or any other kind of well-being but is based solely on the the desire for political tyranny
(‘integration’) on the part of those suffering the disease of political dementia. The relatively recent book by Jung Chang and Jon Halliday, ‘Mao,the UNKNOWN story’ makes the nature of this psychosis clear. It was begun in 1942 based on the dream of Nazi hegemony and continued after the war by the French charlatan Jean Monnet in view of French humiliation at their now inferior status – see Peter Jay in his Foreword to the booklet Guilty Men by Peter Oborne. The EU must be destroyed and we will have our civilization back as will the rest of sovereign independent European nations
What continues to surprise me is how our US and Australian friends have not understood what has been going on in Europe. When I have explained the EU to them and (more recently) the Euro, they express amazement.
They say it is outrageous that we should lose our rights in Britain, lose powers of decision making and regulations. They barely believe that the corrupt EU can interfer with UK budget policies and control our trade relations.
When I try to craft an imaginary structure for Aus and NZ, involving common currency with South East Asian nations and a central bank elsewhere, they start to understand. When I point out they would no longer determine their own trade laws but instead would subside the farmers in (say) Malaysia, they glaze over and mutter something about deceiving politicians – did I hear them right?
why cannot ukip do a straight forword press advert tojoin no poblem.