Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Virgin Media Fibre Broadband Installation - What to Expect, Quality of Wiring, Service etc. - 21st Jun 21
Feel the Inflationary Heartbeat - 21st Jun 21
The Green Superfuel That Could Disrupt Global Energy Markers - 21st Jun 21
How Binance SCAMs Crypto Traders with UP DOWN Coins, Futures, Options and Leverage - Don't Get Bogdanoffed! - 20th Jun 21
Smart Money Accumulating Physical Silver Ahead Of New Basel III Regulations And Price Explosion To $44 - 20th Jun 21
Rambling Fed Triggers Gold/Silver Correction: Are Investors Being Duped? - 20th Jun 21
Gold: The Fed Wreaked Havoc on the Precious Metals - 20th Jun 21
Investing in the Tulip Crypto Mania 2021 - 19th Jun 21
Here’s Why Historic US Housing Market Boom Can Continue - 19th Jun 21
Cryptos: What the "Bizarre" World of Non-Fungible Tokens May Be Signaling - 19th Jun 21
Hyperinflationary Expectations: Reflections on Cryptocurrency and the Markets - 19th Jun 21
Gold Prices Investors beat Central Banks and Jewelry, as having the most Impact - 18th Jun 21
Has the Dust Settled After Fed Day? Not Just Yet - 18th Jun 21
Gold Asks: Will the Economic Boom Continue? - 18th Jun 21
STABLE COINS PONZI Crypto SCAM WARNING! Iron Titan CRASH to ZERO! Exit USDT While You Can! - 18th Jun 21
FOMC Surprise Takeaways - 18th Jun 21
Youtube Upload Stuck at 0% QUICK FIXES Solutions Tutorial - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations Video - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction - 17th Jun 21
Stocks, Gold, Silver Markets Inflation Tipping Point - 17th Jun 21
Letting Yourself Relax with Activities That You Might Not Have Considered - 17th Jun 21
RAMPANT MONEY PRINTING INFLATION BIG PICTURE! - 16th Jun 21
The Federal Reserve and Inflation - 16th Jun 21
Inflation Soars 5%! Will Gold Skyrocket? - 16th Jun 21
Stock Market Sentiment Speaks: Inflation Is For Fools - 16th Jun 21
Four News Events That Could Drive Gold Bullion Demand - 16th Jun 21
5 ways that crypto is changing the face of online casinos - 16th Jun 21
Transitory Inflation Debate - 15th Jun 21
USDX: The Cleanest Shirt Among the Dirty Laundry - 15th Jun 21
Inflation and Stock Market SPX Record Highs. PPI, FOMC Meeting in Focus - 15th Jun 21
Stock Market SPX 4310 Right Around the Corner! - 15th Jun 21
AI Stocks Strength vs Weakness - Why Selling Google or Facebook is a Big Mistake! - 14th Jun 21
The Bitcoin Crime Wave Hits - 14th Jun 21
Gold Time for Consolidation and Lower Volatility - 14th Jun 21
More Banks & Investors Are NOT Believing Fed Propaganda - 14th Jun 21
Market Inflation Bets – Squaring or Not - 14th Jun 21
Is Gold Really an Inflation Hedge? - 14th Jun 21
The FED Holds the Market. How Long Will It Last? - 14th Jun 21
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

EU Goes From Peacemaker To War Mongerer

Politics / Euro-Zone Jun 22, 2014 - 08:12 PM GMT

By: Raul_I_Meijer

Politics

Jean-Claude Juncker, a former Luxembourg PM, claims that his EU-wide center right faction, the European People’s Party, “won” last month’s European Parliament elections, but something is not what it seems. They’re the largest faction, that’s true enough, but they had to concede 44 of their seats. In other words, while they claim a win, in reality it was a big loss. Which, in democratic systems, represents a call for modesty. Juncker will have none of that. He demands the leadership chair of the European Commission.


At first, Angela Merkel, without whose consent not a dime is spent in Brussels, seemed hesitant about giving Juncker what he wants, but she has changed her mind. That leaves British PM David Cameron as Juncker’s main foe; Cameron has stated he would never accept him as EC head; but Cameron looks to be overruled by Merkel et al. And that should suffice to see Britain leave the EU.

Not because Cameron’s pride would be hurt, but because the appointment of Juncker would fly in the face of the election results, which left no doubt that the – only – real winners were a wide variety of Euroskeptic parties. To then turn around and put a longtime EU stalwart in charge anyway, the very type of guy so many people in France, Britain and elsewhere pertinently don’t want to be in such a position, is beyond reason. And democracy.

More than anything, it shows how divided Europe has become. And ir no attempts are made to bridge that divide, it can only get wider and deeper. A perfect scenario for a lot of trouble in the future. Brussels will need to – be made to – listen to the voice of the people and adapt its politics and structures, or it will become an instrument of conflict, not of the peace it incessantly boasts to be the engine of.

As the push for and by Juncker continues, it’s no coincidence, in a sign of more eroding democracy, that Mario Draghi, the head of the allegedly independent European Central Bank, gave an interview last week in which he said – paraphrased – that Eurozone countries must surrender more sovereign powers to Brussels in order to allow a “perfect monetary union” to be formed. The interview was published in Dutch newspaper De Telegraaf yesterday, and within hours various Dutch parliamentarians denounced Draghi’s ideas. That’s in a still very pro-EU nation. And Draghi’s still not a politician, but expresses political opnions.

The problem with Brussels is that its bureaucracy wants things the people no longer want or believe in. Not even because the governments of two member states were toppled in order to push through more Brussels, or because of Juncker’s nascent appointment, but because there is a vast and growing feeling of discomfort and mistrust of bureaucrats in far away luxurious buildings built with public funds, who don’t even speak their language (the tower of Babel comes to mind), taking decisions few see as serving the interests of themselves, their neighbors and their countries.

While the EU leadership insists on concentrating powers ever further, into its own hands, a movement which is the exact opposite of that spreads in Scotland, Basque Country, Catalunya, Venice and other places, where people want the right to self-determination as smaller nations, not bigger ones. Brussels was condoned as long as it was perveived as bringing wealth, but that perception is gone, and it won’t come back.

Draghi demands more economic reforms in countries such as France and Italy, so the grand European project can be expanded further. There should be reforms alright, but they should be in Brussels. The old guard needs to go, and talks need to start on the benefits and drawbacks of the euro for different countries. The EU doesn’t need to end as a complete failure, but it will if the current leadership prevails and insists on pushing through outdated plans that nobody in the streets of Rome, Athens, Manchester and Barcelona wants anymore. It won’t just fail, it will set peoples and countries against each other who otherwise would have no reason to quarrel.

There are ancient, profound, and wonderful at the same time, differences between languages, cultures and economies in Europe, and the straightjacket of a single currency will not succeed in eradicating those differences, it will instead bring them out in a much more pronounced and potentially ugly fashion as people try to escape the suffocation they feel it is inflicting upon them.

And that in turn will easily be used as an excuse to do battle. As soon as the crisis deepens. Something Draghi claims he can prevent, but only by taking more of people’s and nations’ liberties away. Which, of course, is the one thing that won’t fly. Europe still has space to avoid the worst outcomes of the mess its urge to unify has put it in, but that space is shrinking. Those 500 million people need reason, not the power games they’re getting today. And if that’s all they’re going to get, they will stand up for themselves.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2014 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Raul Ilargi Meijer Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in