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30 Dec, 2011 06:46

Architects of EU disasters in charge again

The debt-stricken eurozone is set to enter 2012 in a gloomy mood with Italy's borrowing costs remaining near the 7 per cent danger zone. The Italian PM has pledged more efforts to revive the ailing economy in his end-of-year speech.

Still, there are huge doubts that the new men in charge of a number of the eurozone states will find a remedy for the struggling bloc’s ailments.Autumn in Europe brought about the fall of several leaders across the EU – Italy, Greece and Spain – all of these countries saw governments change within a two-week period. But who are these new faces at the helm of Europe’s most troubled nations? And will they really make things better for the people?Probably not.Greeks pride themselves on essentially inventing democracy back in…however long ago it was. Too bad the man who is now being touted as “the Man with the Plan” is an economist, who was appointed to rule the Greek people – no word on elections here.“The Greek prime minister was the Greek finance minister at the time Greece joined the euro. So he was responsible for cooking the books to get Greece in for this ever-expanding empire,” Nigel Farage, a member of the European Parliament, explains. “He was rewarded by going to work at the European Central Bank. And as soon as Papandreou had mentioned the word “referendum”, he was their man.”And even if we skirt the whole issue of current governments being appointed by someone else from another country, another question pops up: will they be capable of doing anything different than before?“The irony is, of course, that many of these technocrats were the architects of this disastrous Europe projects in the first place. And, really, it’s pretty annoying that they’re in charge of all these European countries,” says Dr. Richard Wellings of the Institute of Economic Affairs.And that does not go down well with the economists who saw the eurozone disaster develop from the beginning.“This project is doomed to failure. It was always doomed to failure, and moreover, I would have them arraigned, I would have a fiscal crimes tribunal, I would like to see some of these people sent to prison,” MEP Godfrey Bloom told RT.So far, cutting the public sector, firing tens of thousands of people and telling everyone to brace themselves for tough times ahead in the midst of raging protests, unruly unemployment and mind-blowing debt numbers – these have been the only steps so far undertaken by European governments, both old and new.“People who think that Mario Monte came to help Italy out of the crisis or Rajoy to help Spain – they are totally mistaken,” author Daniel Estulin explains. “Those who are in key positions, in seats of power, represent the interests of Goldman Sachs or other major corporations.”And there is always the chance that things could get even worse.“There is a real possibility in the Mediterranean countries that we’ll see governments – not even legitimate governments – overthrown,” Nigel Farage added. “I think there’s also a big worry that we may well see the kind of nationalist political movements springing out of this that we thought we’d said goodbye to back in 1945.”