posted on Dec, 5 2011 @ 06:08 PM
For the past decade I've seen/heard many who have said this exact thing, and every single time they were called crazy, conspiracy 'theorist', or
something else along those lines. Now we have one of the main "architects" of the European Union coming out saying the same thing, and I bet no one
calls him crazy. Let's look at this closer;
The euro came into existence without strong central powers to stop members running up unsustainable debts, an omission that led to the current
crisis. Now that the excessive borrowing of countries such as Greece and Italy has brought the eurozone to the brink of disaster, Mr Delors insists
that all European countries must share the blame for the crisis. “Everyone must examine their consciences,” he says.
This is the exact problem people saw in the beginning. They thought it would work to have multiple different countries with different political
systems, resources, and economies all adopt a single currency. Everyone knew that the strong economies(i.e. France, Germany) would have to pick up the
tab for the weak economies(i.e. Potrugal, Ireland, Italy, Greece, Spain).
Here's what Mr. Delors says is the cause;
Mr Delors claims that the current crisis stems from “a fault in execution” by the political leaders who oversaw the euro in its early days.
Leaders chose to turn a blind eye to the fundamental weaknesses and imbalances of member states’ economies, he says.
The euro’s troubles spring from “a combination of the stubbornness of the Germanic idea of monetary control and the absence of a clear vision
from all the other countries”.
When “Anglo-Saxons” said that a single central bank and currency without a single state would be inherently unstable, “they had a point”,
So basically what he's saying here for those who don't understand is that in the beginning of the EU none of these extremely wealthy people who went
to extremely prestigious universities realized what millions of others did, and now we're seeing the consequences. He's also saying if it weren't for
the weak economies being able to decide their budgets, and if it weren't for Germany not wanting to hand over it's money to welfare countries we
wouldn't be in this mess.
So what's his solution? From the 1st quote;
Now for the conspiracy "theory"
Which is more likely?
1. These very intelligent people didn't know what they were doing, and this is all an accident
The euro came into existence without strong central powers
2. These very intelligent people know exactly what they are doing, and this crisis is being orchestrated to bring about what Delors said was the
lacking in the beginning a "strong central power" aka the end of national sovereignty.
edit on 5-12-2011 by BlackStar99 because: (no reason given)