Friday, 17 June 2011
Argentina and Other Things
Is it true that the husband of Mrs de Kirchner, the President of Argentina, is descended from one of the Nazis who escaped to Argentina after the war? If so it might explain her description of Cameron's opinion on the subject of negotiating the takeover by Argentina of the Falklands as 'mediocrity bordering on stupidity'. I thought though that she could have used that expression more aptly about the opinions on currency of the experts who introduced the ERM and then the euro. It was quite clear that the ERM was a disaster for all EU countries other than Germany and its client states. After all our supposed ally Germany refused to help us stay in it when they saw it could cost them money. It was even clearer that the euro would be an even greater disaster with no mechanism for leaving or being expelled. The arrogant, clever, fascists who run the EU failed to learn the lesson and thinking they could defy gravity persisted with introducing the euro. The whole euro disaster makes one's boil bleed. Apart from the fact that whatever Greece does it is going to cost us a considerable amount of money that we can ill afford there is currently no way to bring to account those who are responsible for this whole fiasco, that is those who invented the euro and launched it. These 'mediocre and stupid' (to use Mrs de Kirchner's wording) experts are responsible for ruining the economies of as yet unknown numbers of countries and of the lives of millions and millions of people. It would be nice to know who these experts are. In the case of any future experiment it would be nice to know who is responsible for inventing and implementing it so that one knows who to blame if it goes wrong. Perhaps the fear of being named and shamed will act as a brake on the kind of experiment on the scale of the euro, although I do not hold my breath. Any idea of openness is of course the antithesis of how the EU likes to conduct its business.
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