More integration, more "Europe" bleats an ever-more desperate Barroso from the depths of the bunker. There is no "plan B". This is the only thing they know, their solution to every ailment, the remedy for every problem. They are imprisoned by their own ideology.

Even as the SS European Union capsizes and settles below the waves, they will be heard from within, tapping on the hull, screaming, "More Europe, More Europe". These people are domed.

View full article here

Two quotes from Bruno Waterfield's piece:



Sounds like he is planning a little picnik in the Flanders.



At the same time he is also pressing ahead with the eurobonds, somthing the Germans hate, which means he is creating enemies both here and there. Interesting. From the British perspective, if this plan goes ahead, I would assume that a future "Leave the EU" campaign would not have any problem to be financed.

Doomed?

I hope to God you are right. But there are so many useful idiots doing the EU's work. Over here in .ie land we have umpteen Quangos
all looking at "de-carbonisation". I know of people who proudly claim to have voted Yes to Lisbon. Twice.
And meanwhile the greeks are getting advice from the Irish government. What a joke the whole thing is.
http://www.irishtimes.com/newspaper/frontpage/2011/0928/1224304858666.html

Mikgen,

A bit of triangulation:

This from Waterfield article

This from Lord Adair Turner on climate change:

At best the belief has taken hold in corridors of power that people can be made poorer and without making them unhappy, that taxes can bring salvation and that States redistributing income is better than redistributing it by trade. At worst they are enacting legislation they know will damage the economy and our standards of living and are desperate to find ways to avoid the blame for it - demonise bankers to justify increasing living costs, demonise CO2 to justify increasing the cost of everything and to increase VAT revenue.

Just like the Captain of the Titanic, as the ship sinks beneath the icy Atlantic, calling: "MORE ICE!"

Domed ... http://en.wikipedia.org/wiki/Millennium_Dome

Please desist from publishing pictures of EU functionaries; they make me feel unwell...& we know all too well what they look like.

Gareth,

That argument would work so much better ( ) if the Eurocrats wouldn't demand a pay increase.

In the words of Jeremy Thorpe at the October 1974 General Election, "One more heave."

They are pushing for a bank tax again.
The moment the EU has a financial resource which is independent from the contributions of the EU member states we will never get rid of them. A European tax, the bank tax, the fines for not following EU rules and regulations, all big threats to our freedom and independence.

We now have the possibility to simply stop paying our contributions.

The moment they have their own independent money resource we're screwed for a long time.

Dunno about the veracity of this Blog....but in essence serious people in Germany have had enough and are drawing up the draw bridge. as for France...total panic as they try to find a way to save their banks.......

http://hat4uk.wordpress.com/

But it makes a lot of sense.....if true then Barroso is whisteling in the wind and better start looking for another job.

PS am hearing Portugal is next....it's a basket case.

Thank you for posting this link, which is new to me. I have just spent a happy half hour chortling away as I read the Slog's shrewd, acerbic commentary. I plan to visit the site daily from now on and I urge readers to do the same.

I see that the Treasury have said that they will 'resist' the Tobin tax.

Not 'reject'. Just 'resist'. I presume that saying "We don't like this very much." will be about the best we can expect....

I nominate that as the best opening sentence I have read.

Back on topic, more Europe, more leverage, more debt, more regulation, better five year plans and, of course, faster money printers. Watching Merkel trying to liquidate her own country to keep the fantasy alive and being held back by all that inconvenient democracy would be hilarious if she wasn't so serious about it. Before we all get too complacent about the current eurofest we should remember that Germany has a Constitution and a sort of functioning democracy. When the tide hits these shores we have nothing more than banksters and their puppets looking out for our well being. Oops. Perhaps we should save the mirth eh?

The chain reaction may well have started. No matter how bad it gets you can bet that the masters of the "beneficial crisis" are burning the midnight oil. It will all be different next time of course. The solution will be "global". Read UN. Never been in one, but they say survivors of a ship wreck always head for the largest floating object remaining.

As to loosing the "derivatives market" - I'm pretty sure you will all be calling for the death penalty for derivative traders when you figure out why a tiny economy like Greece could cause a global collapse. Welcome to what our overlords fear most and understand least (yes - those are trillions and not billions)


Tick, tock, tick, tock