For Your Information: Euro Government, National Currency

  • Hollande calls for euro government to beat recession – EUobserver.com
    COMMENT: Clearly the “logic” of the Eurozone is to move towards further economic integration in order to “save the euro”, even though most ordinary citizens across the Eurozone do not want this, for of course one cannot have a European or Eurozone democracy without a European “demos” , and the latter does not exist and cannot be created artificially.

    If further Eurozone integration moves happen however, the UK is likely to get ever more disengaged from the EU, and it certainly will not join the Eurozone.

    If we go along with further Eurozone integation moves, as most of our politicians will be inclined to do, it will surely mean that the political/economic division between North and South of Ireland will get deeper.

    That would surely be an ironical way of commemorating the centenary of the Easter Rising in 1916, and the aspiration of the 1916 Proclamation for the establishment of an independent democratic State in “unfettered control of Irish destinies”.

    And what will be left of our low-level Corporation Tax Rate in the more integrated Eurozone which M. Hollande envisages?

    A. Coughlan

  • National parliaments eclipsed by EU powers – EUobserver.com
  • France’s triumphant ‘Joan of Arc’ vows to bring back franc and destroy euro – Telegraph

For Your Information: Kohl confesses to euro’s undemocratic beginnings

From The Irish Times (World News on page 9), Monday 8 April 2013

KOHL CLAIMS HE STAYED ON AS CHANCELLOR TO ENSURE GERMANY JOINED EURO ZONE

Derek Scally
in Berlin

Helmut Kohl has said he stayed on as chancellor until his political defeat in 1998 because he doubted anyone else had the political authority to guarantee Germany’s entry to the European single currency.

In an interview, Dr Kohl said he sensed considerable resistance in his Chrstian Democratic Union (CDU) both to the euro and to bis anointed successor, Wolfgang Schauble.

Rather than risk his political legacy by standing down and handing over responsibility to Dr Schauble, Dr Kohl stayed on despite falling popularity ratings to push through the euro “like a dictator”.

“Dr Schauble is a very talented man, that is beyond discussion, but this . . . was something someone with full authority had to tackle,” said Dr Kohl in an interview conducted in 2002 for a doctoral thesis and just published by its author, journalist Jens Peter Paul. The former chancellor said he did not dare hold a referendumon the single currency in Germany because “of course I would have lost”.

“We had lots of people in the CDU who spoke out” [against the euro] he said. “No one said ‘I reject this’ but. . .[they would say] ‘we will do this but we will postpone things again for a few years’.”

Dr Kohl added that he linked his “political existence to the project”, and that he wanted the introduction of the euro because “it was a question of the continuity, the irreversibility, of the European project”.

DOUBTS ABOUT SCHAUBLE

Adding to the uncertainty on the euro, he said, were doubts about Dr Schauble’s political authority because of his physical disability – the result of an assassination attempt in 1990.

“What most [CDU] people thought – though they never said in my presence – was that someone in a wee wheelchair couldn’t be chancellor,” said Dr Kohl. “I was always passionately of the opposite view, citing the example of Franklin D.Roosevelt, who won the second World War, but I was never in a majority with this view.”

Much of the resistance in Germany, Dr Kohl said, was to the idea of a currency union without the foundation of a fiscal and economic union. He admitted the euro’s introduction probably cost him the 1998 election. But on reflection he said it was worth it to secure the euro and end centuries of tensions in Europe that led to war.

“I am a power person. A chancellor has to be if he’s to get something through and, if he is smart, he knows that now is the time to push something through,” he said. “In one case I was like a dictator, and that was with the euro.”

For Your Information

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