From: Thomas W. Jefferson, Batty Lane, Howden, Goole.
GERMANY’S Angela Merkel is on record as saying that if the euro fails the
EU fails. Regardless of the fate of Greece, the euro has already failed because
it has brought political and economic instability which threatens not only
Europe, but also the rest of the world. This ticking time-bomb has become
serious enough for President Obama to intervene to exhort Germany to find a way
of keeping Greece in the eurozone, because he fears the unpredictable economic
consequences of the euro splintering, and the possibility that Russia could
re-gain influence in Eastern Europe via Greece.
But these problems are not some accident of fate. They are the
consequence of an ill-conceived and badly executed plan to centralise power in
the EU in furtherance of the stated objective of “ever closer union” which was
driven by an elite who do not subject themselves to accountability at the
ballot-box.
The EU needs root and branch reform, including greater democratic
accountability, and David Cameron’s shopping-list of reforms, even if achieved,
will be woefully inadequate in securing that end.
It is time to call it a day and, as the world’s sixth largest economy,
self-confidently take control of our own fate.
