Monday, 31 October 2011
The End Justifies the Means?
What a lot of us find unacceptable about the EU is the democracy deficit. That and the constant desire to do us down. I suppose the lack of democracy and the desire to make us bend the knee to the EU elite are the opposite sides of the same coin. The EU is a democracy free area with the lack of democracy amply demonstrated by what is happening to Italy as so tellingly pointed out by Ambrose Evans-Pritchard here. Italy has been given 48 hours to accept measures dictated by the EU. In order to rectify the democratic deficit it is to be hoped Italy will copy Greece and hold a referendum on the EU measures they have been told to adopt. Although I hope a majority of Greeks vote against the austerity package I doubt they will do so as they will be scared into voting in favour as they will be told that the costs of saying no will include their expulsion from the euro and the eventual collapse of the euro and the EU. They will be told not to believe those who maintain that the reintroduction of the drachma will lead to a devaluation which within 2 to 3 years will result in the rebalancing of their economy and sufficient growth to enable old debts to be paid off, if not entirely then at least to a greater extent than propose by the EU. Greece should look at Iceland where they devalued their currency and now some two years later are ploughing ahead financially. It is not true that the rejection of the EU measures will result in armageddon and the Greeks will hopefully be persuaded that voting no will bring freedom. It is not often that I agree with a communist but Fausto Bertinotti believes that Italy is living in a neo-Bonapartist financial system. Like all Jesuits the EU believes the end justifies the means. I instinctively disagree.
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