18 comments on “Good

  1. For a nation to exist, whether with a federal structure or any other, it is necessary that the richer people feel a kinship with the poorer people, especially when they live in different places.
    Hence to complete the European project it is necessary that the Germans feel kinship with the Greeks amongst others. This cannot be achieved by deception.
    It may be possible to create an empire by deception but ultimately force will be needed to maintain it.

  2. For a nation to exist, whether with a federal structure or any other, it is necessary that the richer people feel a kinship with the poorer people.

    That’s bad news for the UK then, if you take even a passing glance at social media or the media generally these days. The wealthy lefty metropolitans consider the rest of the country to be a different species, let alone a different nation.

  3. Christine Lagarde was less exercised by the thought of southern economies falling behind when she and the IMF as part of the Troika were applying the thumbscrews and manacles to Greece.

  4. If the Germans were simply rational economic actors, they would happily subsidise southern Europe (as, to a limited extent, they have already done), because their joint-membership of the euro is so beneficial to Germany (which, with its own currency would now be surrounded by mountains of unsaleable Beemers, Benzes and Audis). But the political difficulties of doing so are insuperable.

  5. “If the Germans were simply rational economic actors, they would happily subsidise southern Europe … because their joint-membership of the euro is so beneficial to Germany”
    Only if there is an overall net benefit. But if there isn’t, and the Euro is just a mechanism for moving wealth to Germany at the expense of less efficient economies then the Germans would only be motivated to do as little sharing as is necessary to keep the show on the road.
    That seems to fit the observed pattern.

  6. TMB,

    Christine Lagarde was less exercised by the thought of southern economies falling behind when she and the IMF as part of the Troika were applying the thumbscrews and manacles to Greece.

    My somewhat hazy recollection is that the IMF were against the way the bailouts were applied and wanted bigger write-offs and even Greece out of the Euro.

  7. Not quite. The IMF technical bods were enraged and said so. Default, devaluation, IMF lending to tide them through. Lagarde was the politician explaining that no, do it the EU way. She shouldn’t be forgiven for that.

  8. Why talk about it , no-one give s fuck what the worlds stupidest country thinks any more anyway( other than as a guide on what not to do ).
    Anyhoo , I think doing the shopping beats playing ” What has the EU ever done for us as a use for five minutes, knock yourselves out ” No-one likes us and we don`t care ..”

  9. I guess that Newmania has been standing in the road trying to get killed for a number of hours now…. And is bored

  10. Good to hear your whine Facepainter. The World’s most betrayed by WOMI scum like you country is a much better way of saying it.

  11. My favourite quote from the Lagarde trial was this:

    Jean-Claude Marin told the court Lagarde’s actions fell into the category of politics and not criminality and called for her to be acquitted.

    It’s criminality when they do it, and politics when we do it.

  12. Why talk about it , no-one give s fuck what the worlds stupidest country thinks any more anyway( other than as a guide on what not to do ).
    Anyhoo , I think doing the shopping beats playing ” What has the EU ever done for us as a use for five minutes, knock yourselves out ” No-one likes us and we don`t care ..”

    Good God! There’s more projection here than an iMax.

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