The EU as Bully

What is being done to Greece by the ECB, the IMF and the eurozone is disgraceful. It is never going to be able to grow out of the austerity measures imposed on it if it stays in the euro. So why the vast majority of Greeks wish to stay in the euro is beyond me. It seems that they see leaving the euro as a jump off the edge into a dark ravine with no surety of a soft landing at the bottom. However if they were to return to the drachma they would have a chance to grow within the foreseeable future. They would still have to default on their debts and comply with the austerity measures it is true but at least they would have readjusted the value of their currency against the euro. It is incomprehensible that there is no serious politician in Greece who is proposing exiting the euro as a solution. The Greeks have become like lemmings. One wonders if it is the pressure being imposed on the Greek politicians by the eurocrats that makes them behave this way and from what one reads about the bullying, undemocratic behaviour of the eurocrats one can believe that that is so. Daniel Hannan refers to this in his blog today here. The arrogance of the EU is astounding. What makes them think they have the answer to all economic questions as they clearly do by now stating that they are going to investigate our economy. This is under a new power the EU has arrogated to itself. I do not recall and no one else will recall having voted for EU oversight of our economy. That's the problem with the EU it doesn't do democracy as demonstrated by people like Van Rompuy who think that for their own good Greece and Italy can have government imposed on them. What the IMF is doing getting embroiled in this is another question but one is led to think that it must be because the IMF head is a French woman, Christine Lagarde, who it has become very clear was a thoroughly bad choice to take over the helm from another bad French choice. As Charles Moore said in his review of Uncommon Enemy yesterday here, "Please God, we are spying on the French." Apart from the EU and countries like Germany and France we have the BBC to contend with in this country so it was good to hear George Osborne make a quip about that biased organisation this morning on the Today programme. James Delingpole's blog today on Osborne's witty remark is well worth a read.