by Philippe Gastonne, The Daily Bell:
“Never let a good crisis go to waste,” a phrase attributed to various American political strategists, is advice politicians everywhere try to follow. Certain European leaders are following it right now. The Greek debt drama exposed serious divisions in the European political and monetary unions. Power-hungry Eurocrats see an opportunity to solidify their power.
Those behind the “European Project,” as they like to call it, have never hidden their agenda. They want to build an ever-closer union of states that eventually makes the continent’s current national borders meaningless. Knowing the proletariat would accept only smaller steps, they took what they could get.
The European Monetary Union (a subgroup of the larger European Union) had a serious design flaw from the beginning. The same euro currency would serve nations with radically different fiscal situations and agendas. Imbalances were inevitable.
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