Monday, November 7, 2011

The Eurozone's problems are worse than a question of creditor-debtor imbalances and worse than the US-China issue. This aspect of the crisis was raised in Stephen King's article in The Independent news online portal (Now opened, the door to exit eurozone can no longer be shut).


Looking from the Far East and having spent years growing up in Europe, it is so clear to me that the Euro politicians are fighting to achieve the European superstate goal with a flawed currency union. The next step is fiscal union and that implies a finance minister as well as leader stamping out every form of democratic or sovereign right of the 17 member countries.

In other words, the creditors forgive your debts in exchange for political dominion. Eurozone is the prototype for the one world government. A break-up will do everyone good for the long term.

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