I am in favor of having a united Europe. In fact, I am in favor of a united Earth. I am also in favor of having a much better political system. I believe that, at least in part, the current economic difficulties in Europe and in U.S. are a result of having political systems that no longer produce the results we want.
--- In Politics_CurrentEvents_Group@yahoogroups.com, Bruce - Yahoo <bruceporteous50@...> wrote:
>
> *_HOW THE CURRENT CRISIS IN EUROPE WILL BE RESOLVED_*
>
> Europe is rapidly approaching its D-Day -- unless there are major
> changes of the economic and political structures that currently exist in
> the Eurozone the dream of a united Europe will unravel, and once again
> the European States breaking up into separate entities scrabbling
> amongst themselves.
>
> The financial problems of Greece, Italy, Spain, Italy, Portugal, Belgium
> and Ireland are a result of a flawed economic model, trying to solve
> their short-term financial problems with borrowed money.It was a mistake
> to believe that nations could have independent fiscal policies if they
> belong to a single currency. As they no longer have the ability to
> create credit to finance their deficits, they must adjust to live within
> their incomes, or borrow money. When they no longer do either they are
> in trouble.What we have in the Eurozone now is not a sustainable
> economic model, which only will survive if changes are made
> quickly.Lending money to debt-ridden countries such as Greece is not
> going to solve this problem.
>
> The only long-term solution for resolving the current crisis is having
> the members of the Eurozone follow fiscal policies which are controlled
> by a single Federal Government, similar to the USA.This EU Federal
> Government which would take over the national debts of the member states
> of the Eurozone, who would in turn give up many of the sovereign rights
> that they currently enjoy.Defence, foreign affairs, national security,
> and finance will take over the responsibility of administration by the
> Federated Government.This new Federated Government would have the
> authority to collect taxes directly, issue bonds and allocate resources
> as necessary.
>
> Those nations that will not accept the terms required to become a part
> of the Federated United Europe will be forced out of the Eurozone.They
> would remain in the EU but no longer have the financial support of the
> Federal Government, creating a two-tier EU. They would not be a part of
> the new EU Federal Government unless they submitted to the authority of
> the Government. It is expected that some of the countries in the
> Eurozone will not join the new Federal Government as they will fail to
> gain the domestic political support to make the constitutional changes.
>
> Creating a single political Federal Government will strengthen the Euro,
> having it replace the weakening US dollar as the world's reserve
> currency.It will create the largest single economic power in the world.
>
> What Europe is lacking at present is a leader -- it is facing a crisis
> in leadership.Europeans look at the United States and see how having a
> single President who can project the authority and power of the USA is
> lacking in Europe at present.While the EU has 2 Presidents (which in
> itself leads to confusion), it is the heads of individual member states
> of the EU who make the decisions and public announcements, not the
> figurehead EU Presidents.The new European Federal Government will have a
> single President who will have the authority to speak on behalf of the
> Federal Government and make major decisions -- similar to the USA today.
>
> Germany as the most dominant economic power in Europe is in a position
> to force upon the rest of the member Eurozone countries the terms and
> conditions required for them to be a part in this new political
> union.While in Germany there is considerable political opposition to
> bailing out the insolvent members of the Eurozone, this political
> opposition would be muted if those nations requiring a bail-out would
> agree to come under the authority of a single German-backed Federal
> Government.
>
> The recent failure of NATO in bringing to a swift end to the rule of
> Gaddafi in Libya has shown how weak and ineffective the EU is having an
> effective defence force.Not having a single united defence policy
> supported by a Federal budget has been an embarrassment shown up by
> their inability to over-throw a third-rate leader such as Gaddafi.If it
> was not for the US military support of NATO they would have already
> failed in this fiasco.The new Federal Government would have the revenue
> to be able to finance a single military to be used in future conflicts.
>
> Having a political union would create a period of economic growth and
> prosperity for the Eurozone nations.The issuing of credit by the
> European Central Bank in the form of EU Bonds to replace national debt
> will relieve the debt burden of member states and herald a period of
> prosperity.The bonds would partly be financed from taxation collected by
> the Federal Government and partly by increasing the money supply.By
> controlling revenue they will be able to impose political decisions and
> fiscal discipline on member governments who have been unable to do so
> because of domestic political factors.
>
> Failure to put in place a single Federal European Government to save the
> Euro will result in a series of defaults by EU members, setting off a
> global depression.National governments must give their authority to this
> new Federal Government for their economic survival.They have little
> choice but to agree.All that is needed is a leader who can gain the
> trust of the people and provide the leadership for Europe to prevent
> this crisis unfolding.The European leaders have little choice but to act
> quickly now and implement the political changes, transferring their
> national sovereignty to this new Federal Government.Unless they act now,
> the world faces a global depression.
>
> This new Federal Europe will have the authority backed by its economic
> muscle to impose conditions on the global economy regulating trade and
> imposing environmental protection standards to stimulate sustainable
> growth.The faltering US economy, the shaky banking system of the Chinese
> and debt-ridden Japanese Government will result in Asian manufacturers
> increasing looking to Europe instead of North America as being the
> market to purchase their goods.Europe will again be the centre of world
> culture and economic prosperity.
>
> Over the coming weeks we will see the emergence of this new global
> super-power, replacing the declining Anglo-American alliance which has
> dominated the political and economic landscape of the world for the last
> 200 years.The speed of the creation and power of this new European
> Federal Government will surprise many changing the political landscape
> of the world.What we are seeing unfold now is of truly significant
> historic event.
>
> Bruce Porteous
>
> 25 June, 2011
>
> bruceport@...
>
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