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Many historians overlook a simple fact about both world wars. They were not just about marching infantry (the first) or rolling tanks (the second). In complete parallel to German aggression in 1914 and 1939 were immensely detailed plans from Berlin's economics ministry for the full unification of Europe's economies. But with strict terms.
Germany does not want your competition in manufactured products. It has enough of its own and more. It needs to export the surplus in huge quantities to keep those factories rolling and the electorate employed and happy. That is best achieved by client states.
It also wants a constant stream of cheap food to fill those 80 million German bellies, the other half of the 'happy electorate' equation. Both are the jobs of colonies: to provide cheap labour, raw materials, agricultural produce and a ready market for the trinkets.
Originally posted by SmedleyBurlap
This is good news, finally a real country will be in charge of an EU institution!
Originally posted by michaelmcclen
I live in the Northern Ireland so this doesent effect me =)
Originally posted by nake13
reply to post by Imhotepsol
Well there you go,the country with the strongest manufacturing base will always rise to the top,the UK and US were pretty well unstoppable in economic terms when they were producing,but handing the economic future of the Eurozone to Germany on a plate?I for one am relieved that we (UK) still have our own currency at least.
Now to dust off those mothballed steel mills,car plants........
Originally posted by kro32
reply to post by zookey
Where do you think Germany got the money in the 30's to fund them?
History often repeats itself.
In effect the powers have created the European Financial Stability Facility, which sounds lovely. It has been endowed so far with €440bn. Quite soon, within a year, it will develop into the European Monetary Fund, endowed with a 'float' of about €1 trillion, which sounds even lovelier. But with sums like that there is always a catch.
Germany is not Father Christmas and would never dream of putting up such sums either out of brotherly generosity or even to save the EU superstate. It will do it for two reasons.
First, the vast majority is never intended to be disbursed. It will simply be moved from the German Federal Bank to the European Central Bank; a paper transaction between two banks about 500 yards apart in Frankfurt.
Secondly, it will be said that this huge treasure is an available float to reassure the banks (ie the money markets) which it will, that they will all be covered if such a thing as the last two years should ever happen again. Therein lies the hidden sting. The German's intend to ensure that it never happens again. Ever.
And there is only one way to ensure that. Run the joint. So for the weaklings the deal will be put with silken ruthlessness. If you want to remain in the EU you must remain in the eurozone.
To do that you must sign up to the European Monetary Fund. This guarantees that you do not go bust, but it has rules. The first is that you hand over to wiser heads the running of your economy.
You will hand it over to the EMF. But who will really control the EMF? Brussels? No, Berlin. It will be called fiscal (or economic) union but that will only mask Germany's mastery.