DOES THE EU WANT TO SAVE THE EURO AT ALL COSTS ?

The turmoil in the EU concerning its problem child, the EURO, not to speak about how the Greek bankruptcy has been handled up to now, clearly illustrates how unprepared our highly paid EU Politicians were when faced with the Irish and Portuguese "bankruptcies".

Some EU Politicians want to save the EURO at all costs, others want to do it by funding bankrupt countries at all costs if the EURO is their currency. 

In the meantime Greece is awaiting a decision, and SPAIN and ITALY are closely watching how the Greek problem will be settled. These two countries are both on the verge of bankruptcy and will study their options !!!

Both countries want the best deal for their countries, which is normal, but will the EU be sucked into further problems ? 

The Portuguese President of the European Commission, Manuel Barroso, staunchly supports bail-out help from the EU !!!  I have already asked him to make a speech to explain how he envisages that bankrupt countries will be able to recover and repay the bail-out loans to the EU within  a foreseeable future !!! 

The only thing I have heard since is that he thinks the members of the EU should pay an additional 1% of their turnover tax to cover costs in the EU !!!  He therefore wants to have the right to increase directly the tax which the EU can levy on its members !!! 

This has nothing to do with how bail-out aid will be recovered and which Barroso so favours.  Mr Barroso must now also explain why an increased levy is now necessary.  Does the EUROPEAN COMMISSION not control EU running costs ?  All EU member countries are obliged to control any increase in costs !!!  Why not the EU Commission ?

In the British Press questions are regularly asked whether the UK would not be better off out of the EU !!!

Manuel Barroso will face many questions in the coming months and must respond !!!  His actions weigh heavily  on the fortunes of member states !!!

When will he explain why he is so certain about his policies ?

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