THE FIASCO OF THE EURO AND THE EU ?

The EU has rattled all the policians, British as well as European, at all levels of responsibility, with the problems surrounding the EURO !!!  Jack Straw, the former Labour minister in the Labour Government has gone as far as to declare that the EURO is doomed !!!  Were Tony Blair and Gordon Brown not in place in 2000 to controle the effects of the creation of the EURO ?

It is no good simply to say that Britain did not adopt the EURO !!! The reasons not to abandon the POUND STERLING were overwhelming considering the international importance of the currency worldwide, in particular with respect to the Commonwealth of Nations !!! 

Jack Straw has only identified half of the problems which currently disturb and excite the Politicians in EUROLAND !!!  One must go back at least 12 years or more to ask the eternal question " WHO IN THE EU CONTROLS WHAT AND HOW ?" 

To be even more precise, where are the reports, what action was taken, when and by whom ?  What did the heirarchy do with the reports or were there none ?  One should not be naiive !!!  There is not one Politician from the past who would dare to get involved in answering any such questions !!!

This highlights the problem the EU has today. Everyone has ideals they want to promote.  They have the zeal but no one has the patience, at the same time, to introduce the necessary controls to ensure or maintain success !!!  

When the EURO was introduced, did any highly paid EU financial expert ask himself what the  procedure should be if a country having the EURO became Bankrupt  like Greece is today ?  There is a big difference between providing financial help, compared with underwriting all the debts of a country, which seems to be the current objective of the EU concerning Greece at present !!!

Again the same questions arise. Did any highly paid EU executive verify the solvency of Greece when they joined the EURO ?  Did anyone in the EU Central Bank monitor the "exposed position" (the net of the Payables minus the Receivables) of Greece during recent years ?   If so, whom did he alert to potential problems ?  Would a real expert not have forewarned the Heirarchy that a crisis could be expected ?

Jack Straw has clearly drawn attention to one problem.  There are others which concern the EU as a whole !!!  They are fundamental problems and need urgent attention in  the near future.

The EU has an immigration problem and current practices reveal that there is an "open door" policy where no one really cares who wants to enter the EU. There is a Human Rights Charter which aids criminals but does not protect victims of crime !!!   There are too many expensive Politicians with idealistic ideas but no ideas how to control expenses !!!

Simply said, the EU Charter needs to be revised, but very fundamentally !!!  The sooner the better, but if in fact no one wants to move, some members of the EU will resign !!!  The highly paid bureaucracy costs a lot of taxpayers money but produces little tangible worth !!!       
      

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