Monday, July 11, 2011

Greeks Blame The Bankers, Germans Give Up On The Greeks

Der Spiegel is backing a greater centralization of power in Europe to take decision-making authority away from the peripheral EU states. Dig this little bit.
There are undoubtedly numerous examples of serious failures of the elites at the European level. But the key issue is that these failures can only be corrected by the elites themselves, and that the attempt to compensate for the failures with forced democratization would lead to the disorderly disintegration of Europe. The instrument of the plebiscite, in particular, has proven to be a treacherous spanner that political players have thrown into the European works time and again. In the current situation, democratization would strengthen the capacity of anti-European players and significantly increase the number of those wielding vetoes in Brussels.
Translation: If you let people make their own decisions, the result will be chaos! There is a need for order!

Of course, what they don't mention is that German and French banks, orderly and centralized and properly controlled, were the dummkopfs who loaned tens of billions of Euros to people who had no obvious way of paying them back. Instead of marching off to a future where power is centralized even more than it already is, the elites of Europe ought to spend a little time watching Milton Friedman.


Kelly the little black dog said...

You just don't understand Germans do you! :)

K T Cat said...

I couldn't believe it when I first read it, it was so true to stereotypes.