When the Euro is put under the spotlight, the indignant reaction is a chorus of “We cannot leave the Euro”, as though Europe is identified with the Euro. It’s possible to serenely remain in the EU without having to do without one’s own currency. Of the 27 States making up the EU, ten have kept their currency, including Great Britain, Sweden, Poland, the Czech Republic and Denmark who are not risking any default. Another trick is the repetitive use of the term “single currency”. There’s is absolutely no single European currency. The Euro islimited to 17 States and those who are outside are taking good care not to enter the Euro zone. Who in Europe, is today in crisis? Right at the top are those countries with so-called “weak” economies that adopted the Euro. The question is “Weak in relation to whom?”. Obviously in relation to Germany. States like Portugal, Italy, Ireland, Spain, Greece and perhaps in the future France and the Netherlands cannot keep pace with the German economy. A currency should reflect the value of a country's economy. But anyway, the Euro represents the value of the Mark. A plan B is needed in case we need to go back to the Lira.
It’s not a matter of being hostile in principle to the Euro, but to be able to allow that. To remain in the Euro we are starving the country, strangling the companies, transferring the private wealth to cover the interest payments on the public debt that is (unfortunately) in Euro. If it were in lira we could resolve the problem of the debt with the devaluation of our currency. Since Rigor Montis decided to apply his solution of tears and taxes to save Italy, we have gone down deeper. About 140,000 companies closed down in the first quarter, unemployment has rocketed and the number of entrepreneurs committing suicide is no longer counted. The value of salaries has gone back to 1983 values. The IMU {local tax}, the renewed IMU and the Super IMU are knocking on the door. Italy is gasping like a beached whale. Even Draghi has understood this. In the face of the possible shut down of the Country, he has called for less taxation and sharp cuts in public spending.
If to remain in the Euro and pay the interest on the debt to the banks, mainly German and French, we have to kill the economy of our Country, perhaps it’s appropriate to stop and reflect. Especially if the public debt and the spread are increasing anyway while we are being strangled. The Euro must not be a taboo.
http://www.beppegrillo.it/en/2012/04/the_taboo_of_the_euro.html
It’s not a matter of being hostile in principle to the Euro, but to be able to allow that. To remain in the Euro we are starving the country, strangling the companies, transferring the private wealth to cover the interest payments on the public debt that is (unfortunately) in Euro. If it were in lira we could resolve the problem of the debt with the devaluation of our currency. Since Rigor Montis decided to apply his solution of tears and taxes to save Italy, we have gone down deeper. About 140,000 companies closed down in the first quarter, unemployment has rocketed and the number of entrepreneurs committing suicide is no longer counted. The value of salaries has gone back to 1983 values. The IMU {local tax}, the renewed IMU and the Super IMU are knocking on the door. Italy is gasping like a beached whale. Even Draghi has understood this. In the face of the possible shut down of the Country, he has called for less taxation and sharp cuts in public spending.
If to remain in the Euro and pay the interest on the debt to the banks, mainly German and French, we have to kill the economy of our Country, perhaps it’s appropriate to stop and reflect. Especially if the public debt and the spread are increasing anyway while we are being strangled. The Euro must not be a taboo.
http://www.beppegrillo.it/en/2012/04/the_taboo_of_the_euro.html
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