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French President Calls For The Creation Of United States Of Europe
On Friday, SocGen's Albert Edwards was confused: when describing the events of last weekend, when Greece seemed on the verge of being "temporarily" exiled from Europe thus confirming once and for all that the Euro is in fact quite reversible, it was not Germany against France, a France whose total government liabilities assure that its countdown to sovereign insolvency is just a few years behind that of Greece...
... but France alongside Germany, playing the good cop to Schauble's now traditional "Dr Evil" routine. To wit:
[what] surprised me over the weekend was France’s position. I was not in any way surprised that Germany was able to gather a huge number of allies to its camp, with its traditional fiscally conservatively minded allies such as Finland, Holland and Austria, as well as many central European governments. I was not even surprised that other countries previously crushed by austerity, Spain, Ireland etc., were firmly in the Germany camp too. But I was really surprised that French authorities did not stand up to say what was happening was unacceptable, unsustainable, and indeed unfair, and that they would have no part of it.
The reason why I am surprised that France went along with this extreme and humiliating austerity programme – and the effective removal of sovereignty forced on Greece – is simply its own self-interest, for France could itself end up in the firing line. The problem France will surely find further down the road is that its own debt dynamics and sustainability is also highlyquestionable. Estimates we have used before with calculations for the present value of unfunded liabilities (as a % of GDP) show that actually it is not Spain or Italy that have the worst long-term debt sustainability issues; it is the US and France, and then next in line, surprisingly, Germany.
We said that we found France's capitulation "far less surprising: ultimately Hollande's sole focus was to preserve near-term stability (and his job) at any cost, if only until the 2017 French elections, which he is guaranteed to lose. Even if the French fiscal and solvency situation deteriorates dramatically over the next two years (and it will because as we showed in June, France has now had 80 consecutive months of record unemployment as a result of yet another socialist economic failure), by the time the world wakes up it will be someone else's problem, most likely that of Marine Le Pen, at which point the only way to resolve the French "problem" will by through the printing of French Francs."
Today Bloomberg confirmed just that, when it reported that instead of seeking a mathematical resolution to France's unsustainable government liability brick wall, Hollande is now likewise prepared to follow in Tsipras' footsteps and hand over French sovereignty to a German-led European "government" if it means extending the unsustainable French status quo as long as possible. To wit:
French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.
“Circumstances are leading us to accelerate,” Hollande said in an opinion piece published by the Journal du Dimanche on Sunday. “What threatens us is not too much Europe, but a lack of it.”
In other words, France just called for the creation of the United States Of Europe, where the dominant power (Germany) is in charge, and where the people of all the smaller, weaker countries, pardon pro forma European states, are merely slaves. See Greece.
And speaking of Greece, somehow we doubt the insolvent nation, which justt last week just handed over its sovereignty to Germany and Brussels, feels there is a "lack of Europe."
While the euro zone has a common currency, fiscal and economic policies remain mostly in the hands of each member state. European Central Bank President Mario Draghi made a plea this week for deeper cooperation between the euro members after political squabbles over Greece almost led to a rupture in the single currency.
Countries in favor of more integration should move ahead, forming an “avant-garde,” Hollande said.
“Europe has let its institutions weaken and the 28 European Union member countries are struggling to agree to move ahead,” Hollande said on Sunday in a text which was also a homage to his mentor Jacques Delors, a former European Commission President who proposed similar ideas. Draghi called for the creation of a shared treasury within 10 years in a joint proposal with politicians.
Well, of course Draghi would call for that: after all, the more "globalized" end markets are, and the greater the stock of monetizable debt collateralized by a supergovernment, the greater the profits for Goldman (followed shortly thereafter by a global government controlled by the Inner Party; call it "Oceania" for lack of a better made up word).
Not to mention that what would happen in Hollande's "avant-garde" world is that Germany will have achieved its World War II goal of taking over Europe without firing a single shot, with every other country, first Greece now France, and everyone inbetween, handing over its sovereignty to the Bundestag (not to mention to German exporters) to run the show.
As for Hollande, and his all time low approval rating, his immediate concern is not how to hand over Paris to Berlin, but how to prevent Marine Le Pen aka "Madame Frexit" from taking his seat in two years because as we wrote before the Greek referendum was even announced, "Forget Grexit, "Madame Frexit" Says France Is Next: French Presidential Frontrunner Wants Out Of "Failed" Euro."
Greece is now a sideshow even as its economy implodes completely and the country ultimately exits the Euro - the real question is can Germany build on the Hollande momentum to finally implement a Berlin-controlled, Frankfurt-funded "government" before Le Pen crushes the European dream, or nightmare as it is better known in Greece and for the half of Europe's peripheral youth who are permanently unemployed, once and for all.
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"second, if you look it more closely, isn't that a huge middle or warning finger raised to the UK? in the sense of: we can make the EU completely irrelevant, by shifting to a different alliance?"
That would be a smart move. You always need to show that you have options.
I was cycling on the Kirchberg in Luxembourg yesterday and I saw this sign "capitale de l'Europe" several times. (not sure it was on EU buildings though). Made me think that the EU as an organization is possibly using this competition between Brussels and Luxembourg as mechanism to extract what they want, because they have the option to relocate part of the organization elsewhere. Or is this too far-fetched ?
up to a point, all orgs are like living things, and try to live and prosper, possibly forever
this applies to a classic national state or a state ministry as much as to an enterprise, a federation, etc.
a confederative approach makes an "HQ org" though slightly more focused, as long as the political will of keeping it subordinate to it's members is there
you put the finger in the right spot: options
Juncker's Phantom Army is an option. if too much pro-NATO or anti-NATO pressure is applied, it becomes a viable option
Hollande's Phantom Eurozone is an option. if too much pro-EU or anti-EU pressure is applied, it becomes a viable option
of course Luxembourg is a European_capital. There is no such thing as the capital of Europe. Brussels is the capital of Belgium, and therefore a capital of Europe, as well as Berlin, Paris, Rome, etc. etc. up to Luxembourg
"of course Luxembourg is a European_capital. There is no such thing as the capital of Europe."
Note they use the slogan capitale de l'Europe, not capitale européenne. And I learned from your wikilink something similar is happening in Strassbourg and Brussels. It is a war of words, a word war :-)
+1. propaganda is, after all, both the strategy behind a war of words and the tactics in a word war
and so each capital bears the signs of "Capital of Europe" instead of "European Capital". Damn! in English, it's lost in translation
you asked me once for the simplest definition of propaganda. imho it's the organized dissemination of that part of the truth that you prefer to see above everything else
as in "do things and talk well about them". since every human action has good and bad aspects, it's like pointing out things like "I saved you from gangrene and death, piratepiet" instead of "I cut off your leg, piratepiet", or the full truth: "I thought that cutting off your leg would save you from gangrene and death, but how do I prove that to you that circumstanced were so clear cut, and pardon the pun?"
thanks for remembering that question !
thanks for the leg. good eating, those legs. €vil has to sustain itself, otherwise we have all light and no shadows, and then... we are blind
I lived in Echternach for 3 years. Miss that place.
Have you cycled up to Vianen yet? Nice place
nope, I haven't. But thanks for the tip.
United States of Europe is french for: "Germany pays all our bills"
The idiots in charge of the EU now , after distinguishing themselves with their imcompetence in the Greek drama , they want the public to reward them with more power .
The fact that those unelected people are contrary to let the citizens express temselves in referenda , shows the undemocratic nature of the EU .The unelected make decisions clearly for the benefit of multinational companies and Uncle SAM who , probably pays them in secret bank accounts . Why would people want a Federal Europe when what we got now doesn't work ?
Who gave the mandate to the unlected bunch to : scuttle the South Stream gas project , expand the EU to eastern Europe , participate in colored revolutions and coup d'etat in eastern Europe , send troops to combat in Afghanistan and other countries , put sanction on Russia ? I will vote NO for a political Europe run by political correct zionist dictators . As Nuland famously said " FUCK the EU "
of the vassals of the USA and the traitors !
10.000 up votes and then some.
Your only vote comes from the barrel of a gun. Elections are rigged in Europe and the United States. Forget about voting in elections.
Bullets are not rigged. Shoot the rich fucks and they stay shot.
Ah, 'Ollande, always at zee avant-garde, no?
It's springtime for Schaueble and Germany, winter for PIGS and France.
Hollande did not get the fact, that dis system does not work in any constellation.
This fits well into the joking paradigm of the Americans regarding France and surrendering...
But he looks beyond his own presidency...he wants to become the first president of the EU.
Well fuck you and fuck the EU. Our European leaders don't learn from the past. For millennia, warlords, religious leaders, counts, princes, kings, dictators have tried to conquer Europe and create one entity. They all failed. Now they try it politically and economically but they are ruining Europe.
In the end of course, Europe is America's bitch.
or vice versa
Americans love to beat their chests about how they protect Europe.
Fact is, the USA creates bogeymen and then pushes their protection racket on Europe.
Thats why they planned WW2 to get econonomic foothold in Europe.
Notice that USA is doing what Hitler was doing instead of Jews its Muslims.
All for the ZioNazis .
Americans love to beat their chests about how they protect Europe.
Fact is, the USA creates bogeymen and then pushes their protection racket on Europe.
Thats why they planned WW2 to get econonomic foothold in Europe.
Notice that USA is doing what Hitler was doing instead of Jews its Muslims.
All for the ZioNazis .
I don't know if they planned WWII but the connections between Wallstreet, tycoons and scientific community (race, eugenics, etc.) and the nazis are becoming more apparent. But also in Western Europe many aristocrats, politicians and other people with influence were in love with the nazis at first. That had all to do with the fight against communism and the ideas about racial purity at that time.
It is very easy for the US to divide Europe (that is how they keep Europe under control). If let's say Germany and France don't get in line then the US gets cosy with Poland. Look at the Ukraine thing.
So the Russians had absolutely no designs on the rest of Europe during the Cold War (which would have been hot without us) then? Interesting thesis.
Nope they didn't . You believe the bullshit fed you by your lying govt for 70 years.
how about a democratic vote if mr. hollande should be executed or not. A vote that stretches all over the european union.
Lets vote about fractional reserve banking at the same time. Lets put a stop for it right now!
"Lets vote about fractional reserve banking at the same time"
I wonder what the typical US or UK "homeowner" with a huge mortgage would vote about that
my guess is that he would start to ask questions about what this would mean for him, his mortgage and in particular the value of his property
hint: if it's against his "pocket sense"...
That, €vil Ghordius, can be solved with a question on what to do with mortgage issuers... ;-)
Good Joe A, that is even more complicated, isn't it? lots of those mortgage issuers sold the papers to pension funds, didn't they?
the whole US-CDO-Subprime mess was about repackaging for pensions and insurers, wasn't it? particularly european funds
a typical American mortage issuer in that debacle did just "originate", "package" and then... cash in and close the company
Yep. And don't forget the rating companies that rated them positively. They were in on it as well. The US financial institutions usually dump their toxic stuff on the rest of the world. But some European -mostly UK- companies were also in on it. And let's not forget the evil witch Blythe Masters who invented the CDS.
Evil, really.
The only Democratic vote you are going to get is with your own gun.
Vote with your gun.
Be a slave.
Those are your only choices. Your only vote comes from the barrel of your own gun. Otherwise shut up and be content as a slave.
The UK which is already more or less a STATE of the USA won't go along with that
Look for the channel tunnel to be bombed.
Many entrepreneurs will make fortunes running small arms and ammunition and other weapons into Europe to the revolutionary armies opposing Germany's Fourth Reich. Game on!
i thought the EU was spposed to be the US of Europe.
definition of EU: a group of bankrupt countries united by a common currency. :)
Good. The sooner this happens the better. We need a proper counterweight to our invasive, meddling into everything, cousins.
Riddle me this: Why would an "austrian" like Tyler Durden complain about austerity and fiscal conservatism? Why would an opponent of the € like Tyler Durden call Schauble "evil" for proposing grexit, the only half decent solution to this mess? Why would this austrian, anti-EZ blogger praise the spineless socialist Tsipras for clinging to the EZ like a fly to a turd?
"The true purpose of proposing a single currency is to force through the creation of a unitary European state while pretending to promote a purely economic idea. It is yet another example of the Eurocrats acting by stealth so as to achieve their aim of a homogenized European union. "
https://solari.com/blog/sir-james-goldsmith-2/
The United States of Europe is an American Project
http://www.telegraph.co.uk/news/worldnews/europe/1356047/Euro-federalist...
Bilderberg-chairman: ‘Bilderberg helped create the Euro’
http://www.prisonplanet.com/bilderberg-chairman-‘bilderberg-helped-create-the-euro’.html