This page has been archived and commenting is disabled.

Juncker Warns Euro Is Doomed, "Pointless" If Schengen Fails

Tyler Durden's picture




 

As Europe's democratically elected leaders (and the people they represent) grow increasingly wary of the tsunami of refugees flooding their nations, prompting calls for restrictions on visa-free travel and an end to the so-called Schengen agreement, unelected EU leaders, clinging to their centralized power, are increasingly warning of the consequences of any restrictions. As EUObserver reports, EU Commission president Jean-Claude Juncker warned that the euro is pointless if people can't move around freely to use it.

Having already called for a European standing army, in order to show Russia "that [The EU is] serious about defending European values," EU Commission president Jean-Claude Juncker said Wednesday, in his first
speech to the European Parliament since the attacks in Paris that
killed 130 people, that Europe's single currency would come under threat if the Schengen visa-free travel zone fails. As EUObserver reports,

Juncker warned that the euro is pointless if people can't move around freely to use it.

 

“If the spirit of Schengen leaves us ... we’ll lose more than the Schengen agreement. A single currency doesn’t make sense if Schengen fails,” Juncker told the parliamentarians.

 

“Schengen is one of the main pillars of the construction of Europe,” he added.

The Schengen system of open borders has come under pressure as EU member states struggle to stop the influx of refugees - a level of displaced not seen since the end of World War II. Schengen has 26 members, though a few are not EU states. It is one of the major achievements of the European Union, allowing for free flow of people and goods.

“We have to safeguard the spirit behind the Schengen agreement,” Junkcer said, admitting: “The Schengen system is partly comatose.”

 

“Those who believe in Europe, those who believe in its values and principles, freedoms, must breathe new life into the spirit behind Schengen,” he noted.

 

“A single currency doesn’t make sense if Schengen fails,” he repeated.

 

He again warned against equating terrorists with refugees, saying politicians should not exploit the tragic Paris attacks.

 

“Those who carried out these attacks in Paris, those who incited these attacks, are the same people who are forcing the unlucky of this planet to flee, please don't get things mixed up,” Juncker said.

The real driver of Juncker's push becomes clear when we see what plans he has...

Speaking at the parliament, where legislation on sharing airline passengers’ data has stalled, Junkcer called on MEPs to cover people flying within the EU in the law.

 

He also confirmed the EU commission willi come forward with proposals on an EU-wide border guard and coast guard system in December, and called for more effective cooperation between European intelligence services.

More centralization, more surveillance, and less sovereignty.. all under the guise of protecting you the european people.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 11/27/2015 - 10:34 | 6845579 Smegley Wanxalot
Smegley Wanxalot's picture

Should have thought about that before you let in invading hoardes, EU-tards.

Fri, 11/27/2015 - 10:43 | 6845610 knukles
knukles's picture

Comment of the year .....
Did he say EU or Euro?  Ah, they're interchangable anyhow  (Hint hint ... The Euro is a straw-man for EU, here.)

Fri, 11/27/2015 - 11:00 | 6845688 Antifaschistische
Antifaschistische's picture

The quality of a currency is not related to citizen mobility.  The US dollar continues to be accepted around the world and US citizens definitely are not free to "move about the world".

The "go anywhere in Europe" strategy was never anything more than an attempt to dilute the respective idiocyncratic cultures of each country through porous border policy.   Once the dilution hit a certain point (not yet achieved) then the single Europe (member state) objectives could be fulfilled.

Fri, 11/27/2015 - 11:27 | 6845813 Haus-Targaryen
Haus-Targaryen's picture

Good.  Die Schengan you bitch die. 

 

Fuck Juncker. 

Fri, 11/27/2015 - 12:10 | 6845977 Mister Ponzi
Mister Ponzi's picture

The Euro doesn't make any sense if Schengen fails? Great, so abolish the Euro!

Fri, 11/27/2015 - 12:12 | 6845994 Ghordius
Ghordius's picture

because Juncker says so? nah

Fri, 11/27/2015 - 13:48 | 6846399 Four chan
Four chan's picture

who pulls junkers strings? that person or group should swing from the highest tree in europe.

Fri, 11/27/2015 - 15:18 | 6846788 COSMOS
COSMOS's picture

The backlash against admitting migrants in Sweden, Germany, and Austria is going to intensify, leading to a rejection of the political parties and government officials who sanctioned this enormously misguided experiment. 

A full sweep will bring in nationalistic parties and leaders with a kinship to Hungary's Orban. BIG changes affecting muslim communities in those countries are going to occur, whether people like it or not. 

The wave of discontent and resentment is growing and cannot be stopped. The parallels with Hitler's Germany when he began tightening the screws on the Jews and political dissidents cannot be ignored. 

Just a matter of time...Muslim communities better see the handwriting on the wall before it's too late, and consider moving back to where they belong. 

Migrants who are now attacking police on the Macedonia/Greece border and elsewhere in Europe, sewing their lips so they can't eat, hoping to elicit enough sympathy from guilt ridden European leaders that they will be allowed to continue their journey to those "promised lands" with generous social welfare benefits are in for a rude awakening. 

Only the soft headed, pansy ass Euro leaders will boo hoo, wave their moralizing finger at the tough response of those countries who keep their borders closed. Do the migrants actually believe the general populace gives a rat's ass whether they starve themselves to death? It's extortion, pure and simple. Designed to elicit Christian charity and use it against them at every opportunity. 

Hear the migrants sing: Let our people go. Let us travel freely, even though thousands of them hail from Pakistan, Morocco, Algiers, Bangladesh, African countries, bums looking for manna from the white man's heaven. 

They throw away their passports to conceal their identities, lie, say or do anything to get on the welfare rolls and start pumping out muslim babies so that one day, a muslim majority will take over the government and implement their bestial Sharia laws. 

The Quran tells them they can say anything they want to the Christian, no lie or deceit or cunning or deed is too foul when dealing with non believers in their march towards their destiny: a Muslim world where all non believers have been killed or enslaved.

And to think all this came about because of a handful of European powder puff intellectuals with misguided, idealistic sympathies thought Europe would show the world the way how to have one big, happy multicultural family living in perfect harmony.

Fri, 11/27/2015 - 15:25 | 6846819 August
August's picture

Juncker's lyng.

But only because he has to.

Fri, 11/27/2015 - 12:41 | 6846121 Escrava Isaura
Escrava Isaura's picture

 

 

Euro doomed?

Isn’t euro the reserve (colonization) currency of Europe?


 

Fri, 11/27/2015 - 11:28 | 6845822 Ghordius
Ghordius's picture

correct, but cultures in Europe are strongly bound to language. and learning a new language takes longer then moving

btw, Sweden closed it's borders for further refugees. With the side remark of "so that Germany gets the message"

Denmark is... sniggering. with the side remark of "told you so, you wannabe humanitarian super-power"

where is cosmos? or does he only show up when things go the other way?

Fri, 11/27/2015 - 12:16 | 6846005 elstrom
elstrom's picture
The free movement is about "structural adjustment" of the European working class, especially at the bottom. People from not least the poor eastern members should go to the richer countries in the west and suppress wages in general. That’s the basic idea.
The key thing isn’t about passports, hardly any problem to travel in general before Schengen. The key thing is that you can come and work without special permits in any country in EU. Even if countries now set up border controls they can't stop anyone with proper papers from other EU countries.
The pompous talk about free movement now is purely nonsense EU citizens can still move freely and work and live where they will in EU.
Fri, 11/27/2015 - 12:22 | 6846042 Stuck on Zero
Stuck on Zero's picture

It seems that all criminal autocrats and petty despot dictators want to be surrounded by teeming hoards of impoverished masses.

Fri, 11/27/2015 - 21:46 | 6848089 eltxamo
eltxamo's picture

Hint: there is no EU, just a bunch of countries that signed over 9000 treaties, agreements and amendments onto thse agreements. There is no constitution yet.

Fri, 11/27/2015 - 10:43 | 6845612 The best Sun
The best Sun's picture

He did. They did.

TPTB want this backlash.

They want people to want to run from the black hand of a uni-polar "NWO"

to the white hand of new multi-polar UN controlled world.gov.

The plan is to make us beg for the next phase our own subjugation.

Same as it ever was.

Fri, 11/27/2015 - 10:53 | 6845662 MalteseFalcon
MalteseFalcon's picture

"Jean-Claude Juncker warned that the euro is pointless if people can't move around freely to use it. Having already called for a European standing army, in order to show Russia "that [The EU is] serious about defending European values,"

Letting millions of military aged Arab and African men into Europe, who have no knowledge of "European values" and no intention of practicing them, is destructive of European civilization.  Juncker is quite aware of this and his hypocrisy is searing.

Basically Juncker is a careerist willing to throw a millennium of European civilization overboard.

Fri, 11/27/2015 - 11:06 | 6845719 MalteseFalcon
MalteseFalcon's picture

Europe overrun by Arabs and Africans

Europe overrun by Russians

Fri, 11/27/2015 - 11:23 | 6845772 Ghordius
Ghordius's picture

"...a millennium of European civilization overboard"

a tad too much. national borders in the modern sense, i.e. with visas and passports, are roughly 150 years old

at the height of the British Empire, you could travel nearly the whole world without having to show your papers anytime

Fri, 11/27/2015 - 11:31 | 6845828 Haus-Targaryen
Haus-Targaryen's picture

And if you were poor, illeterate, from central Africa and came demanding free stuff in London, you were shot -- if you could get to London to begin with.

Social services were only for the domestic population and not for anyone with a pulse.

You are wanting a world with National Socialism. 

Your example doesn't fly Ghordo.  

Fri, 11/27/2015 - 11:47 | 6845857 Ghordius
Ghordius's picture

my example is purely about that "millennium", which, as far as I know, still means 1'000 years. and in the last 1'000 years, generally speaking, people could move freely, and they did

and it's when Nationalism started that suddently the millions of moving wanderers were suddently not welcome. Starting with Gypsies, of course

the same when suddently all national states asked for family names to be adopted universally, so that people could be tracked better. poor Jews got of course the silly surnames

Fri, 11/27/2015 - 11:49 | 6845884 MalteseFalcon
MalteseFalcon's picture

Dude, in 1015 strangers in town typically got straight out killed.  Especially if they tried to take something that did not belong to them.

Jews and Gypsies were tolerated only to the extent that they had something trade and they stayed where they were told to stay.  When they strayed from that they got straight out killed.

Fri, 11/27/2015 - 11:54 | 6845898 Ghordius
Ghordius's picture

1015? my tribe moved across what today would be three or four national borders in the 11th century. and we conquered... England. again, a millennium is a lot of time

Fri, 11/27/2015 - 12:22 | 6846041 MalteseFalcon
MalteseFalcon's picture

LOL. 

Your tribe moved across the continent only because they were killing as they went. 

This is hardly the kind of migration envisioned by Schengen.

Fri, 11/27/2015 - 11:56 | 6845900 Smegley Wanxalot
Smegley Wanxalot's picture

Yup, pretty much it.  If a stranger showed up and said "hey, I have this stuff to sell, you interested?" and then left after the transaction, he was not killed.

But if a stranger showed up and said "hey, I have am here demanding your food, your shelter, and your women and I offer nothing in return" he was killed .... immediately, and deservedly.  And that is how it should be.

 

Fri, 11/27/2015 - 11:59 | 6845921 Ghordius
Ghordius's picture

yes, an apt summary of the 11th century. but now zip forward to the 15th century, and you get a completely different picture. including the famous Champagne Fairs

Fri, 11/27/2015 - 12:16 | 6845995 samjam7
samjam7's picture

Ghordi you seem to forget that in those days, assuming your talking about the 15th century, only a handful of people had both the mental and financial menas to travel. Education was not available to most but the highest elites and finding work in a different "country" if you want to call kingdoms and duchies that way was probably a big challenge. Not saying it didn't happen but certainly not on a scale you see today.

I am pretty sure that moving from the Ottoman empire on to the Austro-Hungarian one (if we take the current migrant flow as a reference) would have probably been met with military controls and not been as easy as making a trip from Venice to Paris. :)

Fri, 11/27/2015 - 12:30 | 6846075 MalteseFalcon
MalteseFalcon's picture

LOL.  Trade went on at the Champagne fairs. 

So what about unhelpful strangers in the 15th century?  Did they still get killed outright?

Torquemada.

Fri, 11/27/2015 - 12:06 | 6845925 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Typical far-right fear-mongering. These people are first of all not demanding anything - they are fleeing for their lives. They secondly are younger workers that a graying Eurozone economy desperately needs. Thirdly, their sons and especially their daughters are becoming much more liberal than you seem to know. That is a natural consequence of cultures exchanging ideas, and of young women growing up in an environment which offers them real oppurtunities to emancipate.

Fri, 11/27/2015 - 12:06 | 6845955 Raymond_K._Hessel
Raymond_K._Hessel's picture

They arent demanding anything? That is prima facie absurd. Theyre all fleeing for their lives... And not to countries close by to speed their return but to mainly Germany and Sweden - clearly incentivized to do so.

Are you actually an ethnic Scandinavian and full of myopic leftist statist horseshit, or are you another Barbara Lerner Specter motivated by anti-European hate?

Fri, 11/27/2015 - 12:15 | 6846011 samjam7
samjam7's picture

I think he's a self hating white, who's extremely proud to having married an African and is now living the Scandinavian dream of multi-culturalism and teaching his kids what a great asset they are to Norwegian society.

Fri, 11/27/2015 - 13:05 | 6846215 MalteseFalcon
MalteseFalcon's picture

So Larssen got jungle fever and he married her.  OK.  Whatever.

But that is not a good reason for importing a disportionate number of military aged men from Africa into Europe.  Particularly when the vast majority of Europeans are uninterested.

Larssen, just move to Africa.  You may be more accepted there.  But of course you won't.

Why not?

Fri, 11/27/2015 - 12:13 | 6846003 Haus-Targaryen
Haus-Targaryen's picture

No, I can show you tons of videos online of these people demanding all kinds of shit from apartments, money, women, faster internet.  

People like you disgust me.  If I could open up the camps just for cultural realists & collectivists I would.  You people are a worthless cancer on society. 

Fri, 11/27/2015 - 12:44 | 6846129 MalteseFalcon
MalteseFalcon's picture

Most of the invaders are economic migrants that are fleeing their own putrid cultures.  The ones fleeing for their lives are fleeing  wars that the west started and could stop tomorrow.

All of the invaders are military aged men.  Perfectly capable of defending themselves.

I don't see 'graying' Japan needing any invaders for their economy.  The decision to invite economic guest workers should be made by the people in a real democracy.  Real democracy is a European value that seems to have slipped away.

Their progeny may become 'liberal' (God help us) in a generation.  In the meantime there will be a flood of military aged men who don't believe in woman's rights, or gay rights or free speech or the age of reason. 

We don't need their ideas.

Let's just cut the crap here.  Juncker wants a standing army to enforce the EU's dictates and native Europeans want nothing to do with any of it; the army, the EU or unelected bureaucrats like Juncker.

Juncker is afraid that if the Russians invade they'll drive striaght to Normandy and Juncker will be hanged.

Fri, 11/27/2015 - 11:43 | 6845866 MalteseFalcon
MalteseFalcon's picture

LOL.  Just about everything in the 'modern sense' did not exist 150 years ago.

Let's see...  1015...  Was there a Pope and any Catholics then?  Did England exist (in the ancient sense)?  Some guys declared themselves the King of Norway and the Grand Prince of the Kievan Rus in 1015.  Who are they kidding?

Where did all those castles and cathedrals come from? 

Aqueducts were terribly ancient even then.  Do they count?

I remember reading Plato's Republic or was it a dream?

People listened to Gregorian chants, which is kind of like white guys rapping in Latin.

Well, it really was just a bunch of old white men.

 

Sat, 11/28/2015 - 02:29 | 6848744 elstrom
elstrom's picture
Yes so true, if you were a British upper-class you could be an cosmopolite traveling freely your empire where the sun never sets.
Of course noble aristocrats have always traveled freely in Europa, letting their brats attending universities of choice and so on.  As in the late 19th century in Sweden even self-owning small holders had to get the authorities permission to e.g. emigrate to USA. Hinds and maids couldn't even move to other places inside the country without permission. But I suppose only aristocrats counts.  The life for the majority of the people in historic agrarian societies was the reality to be tied to the soil and heavy-handed controlled by the upper-class.
Fri, 11/27/2015 - 11:10 | 6845736 TRM
TRM's picture

Open INTERNAL borders between provinces = good

Open EXTERNAL borders = You are not going to like what happens next

Fri, 11/27/2015 - 11:59 | 6845920 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

If the alternative is turning to revolting racists like yourself, we will happily pass.

Fri, 11/27/2015 - 12:05 | 6845943 Smegley Wanxalot
Smegley Wanxalot's picture

ohh, the R word.  me so scared.  You will not happily pass, you will be happily overrun like a stupid gutless pussy.

For the record, my ethnic background is 100% middle eastern.  I have dealt with those fuckers since I was born, so I know exactly what is going on in their minds, culturally, and you are fucked, globalist-boy.

Fri, 11/27/2015 - 12:06 | 6845949 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

You are as deranged as you are idiotic.

Fri, 11/27/2015 - 12:13 | 6845986 Smegley Wanxalot
Smegley Wanxalot's picture

Stockholm - global rape capital.  40 out of 44 Swedish Most Wanted are middle eastern. 

When your women and children are getting raped over there by those fucks, remember ... they are doing it for your multi-culti delusion, so it's worth it.  Now get back down on your knees, Larssen, and suck mohammed's salty balls like a good globalist bitch.

Fri, 11/27/2015 - 12:17 | 6846017 Ghordius
Ghordius's picture

ah, come on. now that Sweden has closed it's borders to further increases of refugee flows, I don't have any conpunction at writing this:

you know what counts (statistically) as rape, in Sweden? when the girl says it's rape

think about it for a moment. there is a guy in London that is still fleeing extradition, remember? because two gals found out he was sleeping with both. what is his name again?

Fri, 11/27/2015 - 12:19 | 6846027 Smegley Wanxalot
Smegley Wanxalot's picture

Ghordo, you can suckle mohamed's left salty ball while Larssen suckles the right.  Your women will be forced to suck his filthy penis.

Fri, 11/27/2015 - 12:47 | 6846144 MalteseFalcon
MalteseFalcon's picture

"you know what counts (statistically) as rape, in Sweden? when the girl says it's rape"

So she should be ignored?  LOL.

Fri, 11/27/2015 - 12:23 | 6846025 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

I will never understand this backward tribal mentality. Scandinavian women are not "my" women, inbred. I do not "own" them in any way, nor do I have any responsibility or obligation toward them.

Secondly, you can selectively quote mine and distort statistics all day, as the mouthbreathing inbreds on Stormfront.org are want to do. But, this will change little to the fact that many Scandinavians are educated enough to understand that a handful of bad apples are not a reason to stereotype an entire ethnic group, let alone to pursue a policy of collective punishment against them in the name of xenophobic hysteria.

Lastly, I do not bow to people -- least of all to a low-life like you.

Fri, 11/27/2015 - 12:24 | 6846046 Johnny Horscaulk
Johnny Horscaulk's picture

Do you **know** it is a small handful of migrants committing the rapes?

If so how?

And can that small number relative to the demographic attack on Sweden (and that is what it is by design) in fact be responsible for an uptick in rapes?

Or do you simply presuppose that any statement made by someone tou employ pejoratives for without much though is 'per se' false and needs no investigation?

In other words, you love your moral high horse, but how much do you even care for facts?

Fri, 11/27/2015 - 12:27 | 6846060 Bay of Pigs
Bay of Pigs's picture

A "handful of bad apples"?

Seriously, you are misinformed and delusional bro. Get some mental help asap.

Fri, 11/27/2015 - 12:54 | 6846167 MalteseFalcon
MalteseFalcon's picture

"Scandinavian women are not "my" women, inbred. I do not "own" them in any way, nor do I have any responsibility or obligation toward them."

If the invaders were armed, like the Germans in WWII, would you take responsibility for your neighbors? 

If your daughter got raped would you feel responsible for her? 

Your niece? 

Your nephew?

Your grand-daughter? 

Your neighbor's daughter? 

What if your neighbor asked your help in protecting her daughter?

What if these woman pointed at the law and demanded protection.

What if widespread rape and the fear of same started to destroy the fabric of Scandinavian society?

Is that your concern?

Fri, 11/27/2015 - 11:59 | 6845923 Klemens
Klemens's picture

Junker drunken in the Parlament: https://www.youtube.com/watch?v=KiNVkrWyCko

Fri, 11/27/2015 - 16:11 | 6846854 Griffin
Griffin's picture

Juncker, probably gearing up for a EU crisis summit.  https://www.youtube.com/watch?v=XPgiI46FCDU

Fri, 11/27/2015 - 13:48 | 6846400 Noplebian
Noplebian's picture

Juncker will be hiding in the bunkers with all the other cowards and traitors, come judgment day!

 

This is Precisely Why We Are Soon to Be Visited By a ‘Great Flood’......

http://beforeitsnews.com/global-unrest/2015/11/black-friday-madness-this...

 

 

 

Fri, 11/27/2015 - 10:35 | 6845585 slaughterer
slaughterer's picture

Juncker: who takes this clown seriously?  His function is so clearly to spread pro-EU propaganda.   He is like the modern day Goebbels of the EU.  

Fri, 11/27/2015 - 10:46 | 6845635 The best Sun
The best Sun's picture

He is meant to be transparent.

So people scream for the cure/poison that is already prepared.

Fri, 11/27/2015 - 13:10 | 6846142 Bumpo
Bumpo's picture

Juncker seems to be the sole junker this morning. Single junks run wild today, as everyone else sees the joke unlimited immigration brings.

Fri, 11/27/2015 - 13:05 | 6846214 man of Wool
man of Wool's picture

 Of course it is his job to be pro-EU. Well he wouldn't be President if he was anti-EU!! I do not see any similarities with Goebbels apart from they are the same sex.

 

The man is obviously worried about Shengen going. Hyping it up as the end of the euro is absurd.

Fri, 11/27/2015 - 10:36 | 6845590 The best Sun
The best Sun's picture

Who is he kidding.
The Euro was designed to fail.

Fri, 11/27/2015 - 11:21 | 6845797 Ghordius
Ghordius's picture

titillating theory. please expand. before or after a different, more senior and global currency fails?

Fri, 11/27/2015 - 11:53 | 6845895 CCanuck
CCanuck's picture

Fiat = Fail
Should I expand that for you?

Fri, 11/27/2015 - 11:57 | 6845904 Ghordius
Ghordius's picture

yes. please, do expand. when did all fiat currencies fail on the whole world at the same time? note that I always suggest to hold some physical gold

Fri, 11/27/2015 - 14:34 | 6846608 Tallest Skil
Tallest Skil's picture

Your question is irrelevant to his point.

Sat, 12/05/2015 - 06:06 | 6879434 CCanuck
CCanuck's picture

Thanks TS,
Gordious often misses the forest through the trees.

Fri, 11/27/2015 - 12:12 | 6845993 MalteseFalcon
MalteseFalcon's picture

If it makes you feel any better, the dollar was also designed to fail.

I suspect the euro and the dollar will be folded into the IMF's global currency to stave off currency collapse for a while.

And if the Chinese make demands during that period, Europe and America will meekly meet them.  Or their people will, I mean.

Fri, 11/27/2015 - 12:19 | 6846029 Ghordius
Ghordius's picture

if so, then humans are designed to fail, then we all die, eventually. meanwhile, it was not us being shocked by Tricky Dick, August 15th 1971, after being "convinced" to see the dollar "as good as gold"

Fri, 11/27/2015 - 12:58 | 6846192 MalteseFalcon
MalteseFalcon's picture

The Japanese described it as the "Nixon Shokku".  Nixon meant to shock Europe and Japan.  You caught up economically after WWII and Nixon didn't want to face the facts.

Eventually America got hoisted on its on petard.

But none of this has anything to do with the fact that fiat currencies, including the Euro fail.  It's built into it's DNA.

Fri, 11/27/2015 - 16:20 | 6847057 Griffin
Griffin's picture

The euro is a political tool. It was always intended for that pupose. It makes no economic sense whatsoever.

 

 

Fri, 11/27/2015 - 18:28 | 6847533 Al Tinfoil
Al Tinfoil's picture

"The euro is a political tool. It was always intended for that pupose. It makes no economic sense whatsoever."

Well said.

The Euro gives those EU nations with advanced and highly efficient manufacturing sectors (Germany is the best example and greatesty beneficiary of the Euro system) an advantage over EU nations that have less competitive manufacturing sectors.  Previously, importing nations saw their currencies decrease in value as their import/export balance went against them, thus increasing the price of imports and decreasing the relative cost of wages in their country.  Under the Euro, importing countries cannot decrease the value of their currency to compensate for trade deficits, current account imbalances, or less competitive domestic manufacturers.  The clear winner is Germany.  Manufacturing and manufacturing jobs have decreased markedly outside of the major exporting nations.

At the same time, bankers lent like drunken sailors to clearly sub-par borrowers in the PIIGS nations, enjoying the implied assurance that the EU nations and IMF would bail them out when the loans went bad.  The loans often went to pay for imported goods and services. The clear winners here were the exporters and bankers in France and Germany.

The clear losers are the (now) unemployed workers in the PIIGS nations and the taxpayers throughout the EU.

As a means of giving economic advantages and wealth transfers to Germany and to bankers, the Euro has made sense.  But in terms of overall benefits to all EU nations, the Euro makes no sense.  As you say, the Euro is a political tool. It is an attempt to erase national distinctions among EU nations, but by failing to take into account the differences in (1) productivity; (2) wage, taxation, and expense levels for businesses; and (3) government benefits and budgets, the Euro makes no economic sense.

Fri, 11/27/2015 - 12:14 | 6846004 MalteseFalcon
MalteseFalcon's picture

If it makes you feel any better, the dollar was also designed to fail.

I suspect the euro and the dollar will be folded into the IMF's global currency to stave off currency collapse for a while.

And if the Chinese make demands during that period, Europe and America will meekly meet them.  Or their people will, I mean.

Fri, 11/27/2015 - 10:37 | 6845593 I AM SULLY
I AM SULLY's picture

Can we bind Juncker, stick a tire around his neck, pour gasoline on the tire, and light the tire on fire?

(can we please Santa Clause?)

(for the bay-bay Jesus?)

Fri, 11/27/2015 - 10:40 | 6845606 Smegley Wanxalot
Smegley Wanxalot's picture

Only if you have an environmental permit from Brussels to ensure proper enviro-impact issues are addressed. 

Permit fees are about €3,000 ... about the same as for a 1-day backyard BBQ in Holland.

Fri, 11/27/2015 - 11:13 | 6845750 I AM SULLY
I AM SULLY's picture

"I'LL BURN THEM TOO!" - says the crazy guy, in Indianapolis, from his apartment ... all cozy on his EZ-CHAIR.

Fri, 11/27/2015 - 11:14 | 6845756 Baldrick
Baldrick's picture

don't forget to buy your carbon credits.

Fri, 11/27/2015 - 10:37 | 6845595 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Conclusion: EU = FAIL

Fri, 11/27/2015 - 10:38 | 6845598 SheepDog-One
SheepDog-One's picture

This has gotta be bullish for €

Fri, 11/27/2015 - 10:48 | 6845615 SpanishGoop
SpanishGoop's picture

Yes please, there can't be a (more) downside.

There are so many things wrong with his speech that i will not even start commenting on it.

In WOII a lot of Junckers where shot down but we seem to have missed the most devastating one.

 

 

Fri, 11/27/2015 - 10:42 | 6845616 stant
stant's picture

Obama = GOG

Fri, 11/27/2015 - 10:44 | 6845626 knukles
knukles's picture

YES!

Fri, 11/27/2015 - 10:56 | 6845675 The best Sun
The best Sun's picture

"Tis the Prophecy" = another fabricated mechanism of control.

https://www.youtube.com/watch?v=hfzws2YBy9M

 

Fri, 11/27/2015 - 10:46 | 6845639 samjam7
samjam7's picture

Yeah sure because Euros can't travel across borders with border control right Junkie? 

The more desperate they get the more ridiculous their comments become.

Fri, 11/27/2015 - 10:48 | 6845644 Urban Redneck
Urban Redneck's picture

I crossed the Swiss-German border at Lottstetten this morning.  So much for German efficiency... there was a three minute wait and over a dozen border police randomly searching cars COMING FROM SWITZERLAND.  When I returned to civilization later in the morning... not only was there no delay, the Swiss customs booth wasn't even staffed.  

The immigration crisis is only an excuse that they aren't letting go to waste.

 

Fri, 11/27/2015 - 11:09 | 6845729 Ghordius
Ghordius's picture

+1 our dear Juncker is just making an appeal to us, the supporters of the EUR, to increase our support for Schengen, with the usual side-board appeal to the left

sorry, Jean-Claude, but to put it in simple terms, that's the damn sovereign right of the single members. and nothing in the treaties forbid to have border checks in times of emergencies

so drink a bottle of wine more this afternoon and tell the European Left that they should stop hyperventilating like when Orban set his fence

regarding the Swiss border controls, you don't see them, but you are tracked when you enter Switzerland. if you look suspicious, you'll just be "casually" checked a few kilometers after the border

Fri, 11/27/2015 - 11:29 | 6845823 Urban Redneck
Urban Redneck's picture

Nothing forbids Germany from having border checks in times of emergencies, but what is the emergency?  Lottstetten is like a little cancerous German growth into Swiss territory, and seems to exist primarily so Swiss residents can buy cheap groceries and housewares.  There aren't any Syrians or other refugees trying to escape Switzerland to join the Free Shit/Syrian Army in Berlin along that route (and certainly not in the trunks of Swiss cars).  A few months ago the searches were almost entirely on the other side of the little 1 1/2 lane road by Swiss customs looking for people returning with more than CHF 300 per person of goods in shopping bags.  Since Germans aren't shopping in Switzerland for cheap stuff, then German Customs must be looking for something else crossing the border undeclared.        

Fri, 11/27/2015 - 11:44 | 6845871 Ghordius
Ghordius's picture

UR, that's easy. An emergency is such when the government says so. Meanwhile, the Swiss system is smart, and the German system is... apt to appease the ignorant

same as at the damn airport checks that make so many women smile when subjected to them. seriously, those smiles always grate my nerves. the older, the broader

Fri, 11/27/2015 - 11:59 | 6845915 samjam7
samjam7's picture

Urban, you should see the border checks on this side of the country, the French seem to think most terrorists came from Switzerland when it was the other French speaking country north of France that is the hotbed. But oh well, if it was up to me we'd introduce border controls here as well. But won't happen with this federal council. 

Fri, 11/27/2015 - 16:50 | 6846705 Urban Redneck
Urban Redneck's picture

When I took a train to Provence over the summer French customs in Geneva was still it's normal (non-existent) self, unlike the Italian border patrol coming back from Expo 2015.  The Italians seemed strangely interested in interrogating their own people before trying to leave. It would be too easy right now for the French and Germans to adopt the Italian version of capital controls, and the EU sheeple would blindly accept the changes.  As unrepresentative as the Federal Council is, it's still better than its counterparts on the other sides of the borders.

BTW - I would have figured you were east of my location, not west of of it...

Fri, 11/27/2015 - 15:22 | 6846806 DrZipp
DrZipp's picture

Like guns going out ouf Switzerland or gold going in?

Fri, 11/27/2015 - 10:51 | 6845655 divedivedive
divedivedive's picture

Why would border checks or the requirement to carry your passport, have anything to do with a common currency ?

And what is a MEP ? (as in 'Junkcer called on MEPs to cover people ')

Fri, 11/27/2015 - 11:19 | 6845782 Ghordius
Ghordius's picture

nothing. just appeal to "unity of purpose". MEP = Member of the European Parliament. MP = Member of Parliament

Fri, 11/27/2015 - 10:51 | 6845658 yomutti
yomutti's picture

What Juncker is saying sounds good! Get rid of Schengen and the euro. While you're at, it why not get rid of the whole EU superstate?

 

Fri, 11/27/2015 - 11:11 | 6845743 Ghordius
Ghordius's picture

and where do you see this "EU superstate"? it's a French carrier and a German frigate that are going to Syria... in a military alliance with Russia

Fri, 11/27/2015 - 10:53 | 6845663 Raymond_K._Hessel
Raymond_K._Hessel's picture

Its an immivasion, and it is being organized and engineered by Soros and the usual suspects.

Funny how no one is calling for a vote on how many welfare state seekers are allowed in.

This is genocide by demographics, and "Europe" is fundamentally anti-European.

Fri, 11/27/2015 - 13:32 | 6846322 Lucky Leprachaun
Lucky Leprachaun's picture

+100

Fri, 11/27/2015 - 10:53 | 6845664 TheSheepWolf
TheSheepWolf's picture

Let it fail.... 

Fri, 11/27/2015 - 12:02 | 6845936 moratar
moratar's picture

Bring it on, I am ready!

Fri, 11/27/2015 - 11:11 | 6845738 GoldenDonuts
GoldenDonuts's picture

Germany has nobody to blame but themselves.  The arrogance and pig headedness to tell Europeans that it is their obligation to obliterate their culture with the influx of millions of people not interested in becoming fellow Europeans is breath taking.

Fri, 11/27/2015 - 12:00 | 6845926 samjam7
samjam7's picture

I do have to admit that I've come across a staggering number of Germans who think and talk exactly like you say. But then to blame an entire nation for bad policy of Merkel and Brussels. I wouldn't go this far. If I was German I would be as helpless tbh.

Fri, 11/27/2015 - 12:34 | 6846096 Boubou
Boubou's picture

Tony Blair also - a passionate advocate of " multi culturalism"

Fri, 11/27/2015 - 11:20 | 6845790 Pasadena Phil
Pasadena Phil's picture

Flush!!!!!!!!

Fri, 11/27/2015 - 11:28 | 6845815 Eugend66
Eugend66's picture

Lunacy...  . Go home, old man ... .

Fri, 11/27/2015 - 11:32 | 6845833 flyonmywall
flyonmywall's picture

So Greece is doing what it said it would do last summer. Since they have no resources to enforce the border, they don't, and now all these terrorists are taking advantage and moving on to Austria, Sweden, Germany and France.

Way to go Greek patriots ! Shove it up your ass Draghi !

 

Fri, 11/27/2015 - 11:33 | 6845834 Neochrome
Neochrome's picture

Is he trying to get someone to accept hundreds of thousands refugees by using fucking Euro as a bait?

I feel like I'm taking crazzy pills here...

Fri, 11/27/2015 - 11:40 | 6845854 Bioscale
Bioscale's picture

Juncker is a real dick. Schengen does not exists already, has this motherfucker missed the migrants? Merkel bitch is appealing to let the borders open. Europe and Euro is already fucked, the regular folks know it, the assholes in Brusels still don't get it?

What are this schmucks planning?

Fri, 11/27/2015 - 12:07 | 6845888 Quinvarius
Quinvarius's picture

They think bodies = GDP.  It is that simple.  And they are wrong.  It is the kind of crap that happens when idiot bankers are trying to run a country with a focus only on keeping a ponzi running for another day.  Anything they can do to keep the migrants coming in is what they will do.

Fri, 11/27/2015 - 11:42 | 6845859 Sergeiab
Sergeiab's picture

So be it

Fri, 11/27/2015 - 12:08 | 6845864 Quinvarius
Quinvarius's picture

What an idiot.  Talk about trying to make a connection that does not exist.  Welcome to banker think 101.  Complete idiots spouting complete nonsense.  Allowing those m igrants in is OBVIOUSLY the quickest way to destroy the Euro, not keeping them out.  And that is all he is concerned about.  That guy should be removed from office and possibly publicly executed.

Downvotes mean I am right and some dummy is pissed off about it.

Fri, 11/27/2015 - 11:48 | 6845877 Joe A
Joe A's picture

He should not worry. Without Schengen money can still flow around freely. Terrorists less so.

And a bit too late talking about defending the outhers borders when they already let potentially thousands of IS fighters in.

Fri, 11/27/2015 - 12:10 | 6845978 adonisdemilo
adonisdemilo's picture

Europe is doomed whether Schengen holds or not.

It was a bloody stupid idea cobbled together by bloody stupid would be world improvers who thought they could control people by bribery, promises that couldn't be met, lies, and, failing all else, expecting the tax payers to pay nefarious halfwits for being told how they should live THEIR own lives.

Fri, 11/27/2015 - 12:33 | 6846087 Boubou
Boubou's picture

It should have stayed as a free trade area withh minimal common policies and national governments with full authority.

Fri, 11/27/2015 - 12:15 | 6846012 Dr.Engineer
Dr.Engineer's picture

Let them do it.  It only makes sense.  Europe will bankrupt itself faster and then we'll really see what nation state means.  Stupid politicians don't realize that real money is needed to fund these things.

Fri, 11/27/2015 - 12:19 | 6846024 Joe Plane
Joe Plane's picture

"As Europe's democratically elected leaders ..."

That junk Junker is appointed, not elected as are the rest who constitute an ugly clone of the former soviet nomenclature and politbureau.

Fri, 11/27/2015 - 12:24 | 6846053 Ghordius
Ghordius's picture

so? Cameron is appointed, Merkel is appointed, we simply do use a different political system, in general

in order to get into the EU Commission you have to be proposed by the heads of governments and then approved by the elected EU Parliament

spare me any hint that the direct election of a Supreme Leader is in any way superiour. we don't want Supreme Leaders. we prefer them to have less legitimacy, and more recallability

Fri, 11/27/2015 - 12:21 | 6846036 JR
JR's picture

The Germans are fighting back against self-destruction. The vile EU is the driving force behind the "deliberate extermination of the white people of Europe."

20 Invader Centers Burned in Germany | The New Observer 

November 25, 2015

“German patriots have carried out at least twenty arson attacks at invader centers from September to October, a figure, which like the number of attacks in Sweden, is another significant escalation in the war for Europe’s survival.”

http://newobserveronline.com/20-invader-centers-burned-in-germany/

Related story:

Open or Die”: Nonwhites Threaten Europe

Fri, 11/27/2015 - 12:24 | 6846052 theeseer
theeseer's picture

This is all so easy to have predicted. Europe lived for decades in a phony paradise of old men, strong unions, socialism and high and mightly proclamations that the USA was full of people who did not know how to "drink wine, relax, were racist and did not want to help the poor" The Euro trash are getting a real world lesson.  Uncompetitive manufacturing selfish nationalistic countries with no loyalty to European unity now that the "Brown Stuff" has hit the fan. How are those refugees working out for you.? Got Muslims up your butt? Great to have them in France and Sweden? Welfare destroying your budget? What no time for a capuccino?

Not need to worry about holding Europe together all you need to do is institute Sharia Law and all will be well!! Obama has tried and almost succeeded in screwing us the same way. The new Pyzer Allergan inversion deal robbing America of 40 billion in taxes due to Obama's high tax rates is an example along with the keystone pipeline rejection that Obama proclamed as a "green victory" while facilitating through the Iran phony nuclear deal that they will dump an additional 500,000 barrels of oil a day on the marlet. Nice one Barack! He needs to move to Europe and take the 10,000 Syrians with him. Allah Akbar!

Fri, 11/27/2015 - 12:33 | 6846072 MasterOfTheMult...
MasterOfTheMultiverse's picture

It's not just about single currency or Schengen, latter playing a minor role if at all, it's all about single European deficit, i.e. eurobonds with same interest rates for every member state/country. As long as there is not a collective European bond system (like in USA), EU will remain target for foreign speculants and EU is doomed to fail.

Fri, 11/27/2015 - 12:54 | 6846172 man of Wool
man of Wool's picture

It seems Juncker is worried about the death of Schengen by ramping up the pressure for it not to be dis-banded. The Euro will happily carry on Schengen or no schengen. Cut the crap Juncker and get in the real world.

Fri, 11/27/2015 - 13:03 | 6846210 Tenshin Headache
Tenshin Headache's picture

Who listens to this guy anymore?

If it's not serious, it doesn't matter. If it is serious, he lies.

Fri, 11/27/2015 - 13:23 | 6846283 Lucky Leprachaun
Lucky Leprachaun's picture

He himself admitted as much in n unguarded moment a few years ago.

Fri, 11/27/2015 - 13:04 | 6846212 smacker
smacker's picture

Please junk Junket and do Europe a giant favour.

Fri, 11/27/2015 - 13:47 | 6846395 Devon
Devon's picture

Not before the UK refereedum. That piss-head president is an asset for us getting out of the lunacy of the EU

Fri, 11/27/2015 - 13:06 | 6846224 the grateful un...
the grateful unemployed's picture

i dont know can you travel freely through China?

Fri, 11/27/2015 - 13:41 | 6846362 Fireman
Fireman's picture

You obviously haven't made it that far.

Fri, 11/27/2015 - 16:11 | 6847016 the grateful un...
the grateful unemployed's picture

i don't go anyplace without a constitution

Fri, 11/27/2015 - 13:46 | 6846366 Fireman
Fireman's picture

 

“Those who carried out these attacks in Paris, those who incited these attacks, are the same people who are forcing the unlucky of this planet to flee, please don't get things mixed up,”  The truth for once from a €uro Junkie

 

I$I$ the last gasp of the Saudi Mercan toilet paper petroscrip dollah.

 

 

Finally some goods news for the €uroPeon$. Close the borders now and flush your toilet paper along with the Saudi Mercan I$I$ "backed" dollah before the Ponzi crapper explodes.!

Fri, 11/27/2015 - 14:12 | 6846498 Noplebian
Noplebian's picture

Juncker will be hiding in the bunkers with all the other cowards and traitors, come judgment day!

 

This is Precisely Why We Are Soon to Be Visited By a ‘Great Flood’......

http://beforeitsnews.com/global-unrest/2015/11/black-friday-madness-this...

 

 

 

Fri, 11/27/2015 - 14:53 | 6846694 voxpopuli
voxpopuli's picture

... good news, actually, BOTH are pointless ...

Fri, 11/27/2015 - 15:04 | 6846740 Raul44
Raul44's picture

Free movement within, but restriction from the outside. Thats the right path.

Fri, 11/27/2015 - 15:19 | 6846796 DrZipp
DrZipp's picture

If Ahmed and Mokimbo can't move around freely sucking up free shit then fuck it.

Fri, 11/27/2015 - 15:29 | 6846836 nnnnnn
nnnnnn's picture

 

 

"[The EU is] serious about defending European values,"


what values? gay sex and muslim dick sucking?  thats the the only values europeans can present in 2015+

Do NOT follow this link or you will be banned from the site!