The great Euro commercial empire plan has failed
Rodney Atkinson, an author and academic with a deep knowledge of Germany, has recently produced a feasible insight into the current eurozone crisis on the Free Nations website which I believe should interest those who value this country's future independence.
It is probably generally believed, he says, that Germany has been the main beneficiary of the eurozone. It joined the euro at a low rate for the DM to the euro, giving it the benefit on its exports that a devalued country always has. Furthermore it tightly controlled its own workers wages to make its industry even more competitive. It was in a perfect position to export its high quality cars and machinery to all the other 16 member states of the eurozone. The cash flowed in to German banks and so they were able to lend at cheap rates to eurozone customers. The Greeks enjoyed top of the range BMWs and the Irish and Spanish used the cheap credit to fuel ridiculous housing booms which have left newly built estates standing empty all over those countries.
The hope of turning the eurozone into a greater German home market hit the buffers when the profligate Mediterranean countries could no longer meet their debts.
So it has gone sour big time for Germany and they are now in the position of having to lend more money to their foreign customers just in order to get paid! A crazy situation which the EU political class, notably Angela Merkel, refuse to acknowledge. Maybe that is not quite true. I am sure she understands perfectly well but as she has to win her re-election in September, she is hiding the truth until then.
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Mrs Merkel has recently declared that if the euro collapses so does the EU itself. She should know because that collapse may soon be brought about by Germany. Rodney Atkinson argues that Germany will leave the euro because its suffering people will no longer be willing to bail out the countries it once hoped would be its commercial empire. The plan has failed. Furthermore, the close 'lockstep' relationship with France at the heart of the EU is clearly dissolving, thanks to the barmy socialism of its new president. Also, the passing years have diminished the post war guilt which drove Germany to fulfil its national ambitions through the EU.
So we should watch Germany.
Given the spinelessness and disgraceful lack of patriotism of our political, big business and bureaucratic class plus even now, sadly, the apathy of much of the British public, it seems that only that painful collapse will get us out of the EU. With that wasteful regulatory burden lifted from their shoulders the nations of Europe will be able to get back to running their own affairs and, with the lessons of the past 40 years well learned and cooperating only as they see fit, regenerate the diverse civilised and successful Europe we should all be in.