Brexit .. Is it the beginning of the end of the EU ???
Brexit ...... Is it the beginning of the end of the EU ???
Will it will be looked back in history as another failed experiment ?? , We are talking roughly half a century , a mere blip in time in the overall history of Europe going back thousands of years.
A European Economic Union was an idea hatched during the end Hitlers reign and carried on by same German originators well after the war , up to 1953 in fact.
The EEC/EU has resulted in vast improvements in roads and services for it's poorer entrants from 1970's on .. Ireland being one of the countries that did extremely well.
1999 and the introduction of the Euro has proved over a decade and a half to have damned the poorer nations to decades in debt paying for the folly of bankers greed and stupidity.
1999
The name euro was officially adopted on 16 December 1995. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743).
In addition in Ireland's case , the encouragement by a vile corrupt piece of political garbage & criminal "Bertie Ahearn" to encourage vast numbers of the young to invest in vastly overpriced property (as you can't lose with bricks and mortar) .. His banker buddies must have been well pleased with the work as their salesman.
I believe Ahearn is one of the main roots of Ireland's current additional problems, broken families often homeless and yet again mass emigration of the young. He should a long with a lot of the Bankers be in Mountjoy.
In current times Ireland also has serious issues with drug dealers death and misery both by the bullet and the drugs.It seems drug wars in Ireland are far more violent there than here in the UK.
If the EU does collapse they will look at the currency experiment and say "what were we thinking??"
I am no expert but to my eye from the off in 1999 the Euro simply could not work as it encompasses 2 types of economies ,
1 . The cooler (harder working) Northern European Countries
2. The warmer (and naturally slower paced work style) Mediterranean countries.
Ireland got caught somewhere in the middle.
Ireland got caught somewhere in the middle.
Germany appears to foot a lot of the bill and together with the Troika* - That situation surely cannot continue should there be further defaults ..
*The Troika is currently made up of the European Central Bank (ECB), the European Commission (EC), and the International Monetary Fund (IMF)
They have managed to cover the sort falls of the PIIGS countries thus far .. Portugal , Ireland , Italy , Greece & Spain .. But Spain was a partial cover , Italy are cooking the books and are very much in danger .. If Italy properly "Go" it is game over ..
Cyprus has suffered greatly having entered the Euro and the Government eventually stole peoples savings
What was really needed was 2 euro's one for Northern Europe and another other for the rest ..
Gif file on link belowshows the expansion of the EEC/EU over the 50 years.
It certainly looks like there will not be the 40 year investment program in Poland/Latvia/Lithuania etc. Enjoyed by Ireland Spain and Portugal , because quite simply cos the money will not be
there.
there.
All of this is only my opinion of course, But I think a lot of other countries will at least want to vote on Remain in the very near future.Having seen the UK vote to Brexit people will want to be heard 50 years into the experiment.
*Addendum , well worth 4 mins of your viewing time
Mark Blyth, professor of Political Economy at Brown University, talks with AthensLive about the #Brexit vote and the ramifications on the UK and across Europe. He also considers the current situation in Greece and the long run effects of what he calls "Trampism".
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