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Motorists, Equity & Unity Party
Published and promoted by the Motorists Equity & Unity Party, 123B Southfield, POLEGATE BN26 5LZ
European Union - Debt Crisis due to inflexible currency [EURO]
The United States of Europe
A dream or a nightmare ?
Most European countries see the European Union as a Trading Bloc.
There were those that had dreams of a United States of Europe.
There were those that had dreams of a United States of Europe.
Greece in Crisis - Begins 50 billion Euro privatisation drive.
"Our target is clear, and it is to generate €1.7bn from privatisations by the end of September and €5bn by the end of the year," said the finance minister, Evangelos Venizelos. [Guardian.co.uk - Helena Smith in Athens]
"Our target is clear, and it is to generate €1.7bn from privatisations by the end of September and €5bn by the end of the year," said the finance minister, Evangelos Venizelos. [Guardian.co.uk -
Friday 18th Nov 2011 - Our View - M.E. & U. Party (UK)
Update - Saturday 3rd Dec - Greece & Italy - Partial Solution ?
Update -
Motorists Equity & Unity Party © 2004 - 2012
Comment - Friday 18th November - Euro Crisis
Thursday 1st December - Euro Crisis - Extract from Daily Mirror article
10 days to save Euro by Jason Beattie - Political Editor
10 days to save Euro by Jason Beattie -
.......But experts warned the banks’ rescue package was a ‘sticking plaster’ which did nothing to sort out the massive underlying debt problems facing Europe.
European finance ministers meeting in Brussels yesterday [Wednesday 30th Nov] were told they had just 10 days to save the single currency. Ollie Rehn, the EU’s Economic and Monetary Affairs Commissioner, said : “We are entering the critical period of 10 days to complete and conclude the crisis response of the European Union.”
He added : “The economic and monetary union will either have to be completed through much deeper integration or we will have to accept a gradual disintegration of over half-a-century of European integration.”
French foreign minister Alain Juppe claimed there was a danger of Europe being torn apart by war unless the debt crisis is resolved. He said the collapse of the single currency could lead to “the explosion of the European Union itself.”
He added : “In that eventuality, everything becomes possible, even the worst. ..........We have flattered ourselves for decades that we have eradicated the danger of conflict inside our continent, but let’s not be too sure.”
[Comment - M.E. & U. Party - Alain Juppe (France) appears to be using scare tactics to force the ministers to opt for more integration, effectively meaning even more control from Brussels and a lowering of standards for all living within the European Union regardless of whether their governments have acted responsibly or not. If any country opts for leaving the Euro that doesn’t necessarily mean they are leaving the Union - simply taking the necessary steps to enable a balancing of their individual economies. ]
European finance ministers meeting in Brussels yesterday [Wednesday 30th Nov] were told they had just 10 days to save the single currency. Ollie Rehn, the EU’s Economic and Monetary Affairs Commissioner, said : “We are entering the critical period of 10 days to complete and conclude the crisis response of the European Union.”
He added : “The economic and monetary union will either have to be completed through much deeper integration or we will have to accept a gradual disintegration of over half-
He added : “In that eventuality, everything becomes possible, even the worst. ..........We have flattered ourselves for decades that we have eradicated the danger of conflict inside our continent, but let’s not be too sure.”
[Comment -
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P. Sayers, Economic Advisor
M.E. & U. Party (UK)
M.E. & U. Party (UK)
POSSIBLE STOPGAP MEASURE FOR GREECE AND ITALY
A possible stopgap measure to enable the two requirements of Greece and Italy could be the introduction of a third European Currency, the ZEURO which would be pegged initially at 60% of the Euro, i.e. 1 Zeuro = 0.600 Euros - equivalent to 40% devaluation. This would stimulate tourism and exports for these two countries. The effect is not likely to be noticed until March/April 2012, but at least they would be heading for a solution. The cost of living would be effectively increased 40% (Austerity); the currency would be pegged for 3 years, after which it would be allowed to float and possibly, within 8 years could be almost the same value as the present EURO. In this situation, both countries would be well placed to repay the loans from the ECB and/or the IMF.
Note : If the NEURO was introduced, this would be permanently pegged at 0.800 EUROS
It is patently clear that unless countries in trouble either come out of the Euro and adopt their own currency, or the above alternatives, i.e. EURO II [Neuro] and EURO III [Zeuro] the need for bale outs are bound to continue indefinitely.
A possible stopgap measure to enable the two requirements of Greece and Italy could be the introduction of a third European Currency, the ZEURO which would be pegged initially at 60% of the Euro, i.e. 1 Zeuro = 0.600 Euros -
Note : If the NEURO was introduced, this would be permanently pegged at 0.800 EUROS
It is patently clear that unless countries in trouble either come out of the Euro and adopt their own currency, or the above alternatives, i.e. EURO II [Neuro] and EURO III [Zeuro] the need for bale outs are bound to continue indefinitely.
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The Continuing Saga of the EURO CRISIS
Wednesday 7th Dec
U.S. Treasury Secretary, Timothy Geithner takes a whirlwind tour around Europe to help ensure they all stay on board (Titanic ? )
Sunday 11th Dec
Greece and Italy and Spain and Portugal cannot stimulate their tourism or exports and therefore destined to become even deeper in debt, with increasing unemployment. When is the Mercozy Express going to deal with reality rather than wishful thinking. How many in the UK actually want a United States of Europe ? [M.E. & U. Party (UK) ]
Greece and Italy and Spain and Portugal cannot stimulate their tourism or exports and therefore destined to become even deeper in debt, with increasing unemployment. When is the Mercozy Express going to deal with reality rather than wishful thinking. How many in the UK actually want a United States of Europe ? [M.E. & U. Party (UK) ]
Tuesday 13th December
The comments from opposition MP’s in the House of Commons suggest that they would have acted differently in the recent attempt at a Merkozy takeover. It is patently clear that the present CRISIS is being used to further the goal of a United States Of Europe (U.S.E). The question to be asked of the Labour Party and the LibDems is, do they want a United States of Europe ?
More importantly - How many of the 26 that have signed up for the recent Treaty changes want a United States of Europe ?
The comments from opposition MP’s in the House of Commons suggest that they would have acted differently in the recent attempt at a Merkozy takeover. It is patently clear that the present CRISIS is being used to further the goal of a United States Of Europe (U.S.E). The question to be asked of the Labour Party and the LibDems is, do they want a United States of Europe ?
More importantly -
Mon 19th December -
Daily Mirror - Shock Headline - “Get The El Out”
Scaremongering from this side of La Manche. ‘Plans being drawn up for Brits living in Spain & Portugal if the Euro collapses.’
[Comment] - M.E. & U. Party (UK)
Brits have been coming back to the UK for the last 3 years because of the lower value of the pound sterling. Originally 1.5 Euros to the £ ; now 1.17 Euros to the £ ; if the Iberian peninsula came out of the Euro and took up their original currency ( or NEURO - effectively a devaluation of 20%), the cost of living would go down and their pension [ex. Pats] would go further ! The Spanish & Portuguese economies (tourism & exports) would grow.
[Comment] -
REUTERS - Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies.