A Day of Reckoning?

Next Sunday, June 17^th, could be a very important day for the European Union. On that day Greece goes to the polls following the election a couple of months ago where no major party was able to form a government. Speculation is now rife that unless a stable Greek government is in place to see through the austerity measures required by Germany, and therefore Europe, Greece could leave the Euro and possibly the European Union itself. If this were to happen then the consequences could be disastrous for not just Europe but the world economy as a whole.

The question is, will Germany, as the dominant European partner, allow this to happen? Put another way can the Germans  afford to allow Greece to exit the Euro? Many individual Germans clearly feel that they should not be responsible for propping up the inefficient economies of other European countries and that their hard work ethic should not be watered down by the easy come easy go attitude of some of their European partners. If I were a German I would feel exactly the same way but the fact is, they have been led into this mess by their own government.

There is no way that Greece should ever have been allowed into the Euro in the first place and they are not alone either. The liberals who rule the undemocratic mire that is Europe have always put their misguided dogma above reality and their dream of a politically united federal Europe has overridden every other consideration. Germany and also France are responsible for the problems now faced by Europe and whilst we can afford some sympathy for the German people none should be spared for their deceitful government nor any of the other governments (including our own) who have lied to us constantly over the last 40 years or so as they have pursued their dream of European unity whatever the cost.

Germany may well bail out and save Greece by issuing European bonds and they may well do the same for Spain, Ireland, Portugal and Italy but it will come at a price and that price is more political power to Europe and a loss of national sovereignty. As for us British, though we may suffer economically, we can at least thank our lucky stars that Tony Blair was thwarted in his attempts to drag us into the Euro and that whatever happens to the rest of Europe we will, at least, retain our independence and integrity. We can thank Blair’s former Chancellor of the Exchequer, Gordon Brown, for that.