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You’ll have seen in the papers the, erm, interesting suggestion from the Hungarian Prime Minister.
That essentially we should send a few hundred billion euros (which is still a few hundred billion £ in real money) to prop up their economies or they will end up sending us a few millions or tens of millions of immigrants.
I thought it might be useful to give you a look at what is in fact being proposed….you can see it below the fold.
Of course, as we know, there is a much simpler solution. Our long standing policy that we should not allow unlimited immigration from Eastern Europe, that there should be a work permit system so that only those with the skills that we desire should be able to come here and work.
That, in turn, would mean leaving the European Union which is of course what we are all about.
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Ambrose has always been very sceptical about the long term viability of the euro (for very much the same reasons that I have been similarly so) but this does ring true:
Mr Fischer now thinks monetary union is beyond saving. A massive rescue will be needed. It will not be forthcoming. German-French relations are the worst since the war, he said. The European insitutions have lost virtually all authority in this crisis. The half-century Project is collapsing. .. or words to that effect, from what I hear.
As regards Prof’s Pohl’s comments, they are revealing. Why should the currencies fall 60pc unless they are massively overvalued? If they are massively overvalued by anything like this amount - or even half - how can they possibly rectify this within the eurozone? Is Germany going to inflate at 10pc to let them claw back competitiveness? Of course not. This is pure madness.
Prof Pohl shrinks from the implications of his own logic, as almost everybody does in Euroland when they near the high-voltage line. EMU is inherently unworkable. It was launched before there had been real convergence of productivity growth rates, wage bargaining systems, legal practices, mortgage markets, etc, and without the fiscal transfers and debt union that makes monetary union work (badly, but on balance positively) in, say, the US, Canada, and Britain. The destructive effect has now brought the EU project to this unhappy pass, where even Joschka Fischer is giving up on it.
In short, either there is an economic government for the entire euro area or the currency will fall apart. And as no one is willing to have such an economic government, or thinks it is possible, therefore…..
It’s not going to be pretty and it’s most certainly not going to be enjoyable. But then the fallout from deeply stupid economic plans never are.
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I think we an all decode this little bit, can’t we?
britský europoslanec Nigel Farage.
“Europoslanec”….just sounds rather lovely, that’s all….
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Is there anything that can be usefully said about this?
“A Concert with Vegetables.”
Thus spake a commission spokesman today to a dumbfounded press room.
“Next Friday evening there is a Concert with Vegetables, that is for you. The press corps are expressly invited to attend this ‘concert of vegetables’ in the framework of the launch of the European Year of Creativity and Innovation” he told journalists.
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This little campaign seems to be getting a little more airplay. The Beeb in Brussels ahs picked it up here.
Derek Clark is a UK Independence Party MEP for the East Midlands. Robert Kilroy Silk’s behaviour is doubly annoying for him.
The former TV presenter was elected as a UKIP MEP in 2004 - but left the party shortly afterwards to found his own Eurosceptic party, Veritas. Six months later he gave up as leader of the fringe party - and now sits as an Independent.
“We think he should resign altogether and give the seat back to us,” Mr Clark told the BBC.
“This chap has taken himself out altogether. ITV won’t let him communicate with anyone in the outside world at just the time he has a job to do. He is being paid and he is not doing his job, simple as that.”
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