Friday 11 November 2011

Just dump the “Euro”

I want to chip in with a few obvious observations on the recent mania involving the Euro-currency, the Euro-zone, and Euro-bail-outs for Greece and (possibly) Italy. As a rule, whenever I see the prefix “euro” before any word, I identify it as Newspeak for something. The word “euro” always sounds nice and positive to us Europeans because we love the Old World. My eyesight is not blurred by this bias, however, because I am also a huge fan of the New World. Whatever you might say about America, it is the only place on Earth where an ambitious experiment of freedom was at least attempted. So when I watched the old propaganda news (on the BBC, of course) last night, I couldn’t stop myself from laughing at all the silly observations journalists, politicians, and other experts were making with regard to the Euro-crisis. The Euro-currency is about to collapse. There is talk about kicking Greece or several other states out of the Euro-zone in order to save it, but this will be avoided at all costs by the Euro-crats in Brussels and Berlin. Why? Because doing so would be admitting defeat for the European Union project. It would seem that Europe was not ready for a common currency and common economic planning after all. And another thing that this crisis is doing also worries the Brussels crowd – there is visible animosity arising inside some nation states towards others. Many Germans (the people who contributed somewhat to dire situations in other states by controlling the Euro) are claiming that the Greeks are ungrateful and refuse to give the Achaeans any more money. Two bail-outs should be enough. The Greeks, meanwhile, are starting to feel tired of the name-calling and want the Germans to stop running their lives. I am starting to think the only thing that could change this political climate is some silly distraction. Maybe Mr. Silvio Berlusconi should start thinking about finding another teen lover or throwing another Bacchanalian orgy for former heads-of-state in one of his private mansions. Distracting the Euro-citizenry might score him a few points with other Euro-crats and will certainly boost his rating among the Italian Don Juan constituency.
But, in all seriousness, all reasonable people know that this is all a futile game. The Euro is doomed. The only way to save it would be to raise interest rates and no Euro-zone country can afford that at the moment. Even Germany would have to declare bankruptcy if interest went up another 10% or so, and we all know that Italy, Ireland, or Portugal can only take afford another 1% at most. All states have essentially defaulted on their debt already; it will never be paid or paid in hyper-inflated toilet paper money. This is true for European states and the United States as well.
So I say let’s just dump the Euro already. Joseph Goebbels once said that "If you repeat a lie enough times it will become the truth". Repetition of falsehoods is indoctrination. And if all this Euro-stuff is one thing, it is un-European. Europe is beautiful because it is diverse. A single unified Continental state you say? I say let a thousand Liechtensteins and San Marinos bloom.

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