Tag: European Union

Zürich +70: Churchill on Europe

Zürich +70: Churchill on Europe

Churchill in Zürich, 19 Sep­tem­ber 1946 (AP) Zürich, 19 September 1946

Scarce­ly more than a year since fight­ing had end­ed in Europe, Churchill spoke at Zürich Uni­ver­si­ty. There he stunned his audi­ence with words that per­haps only he was able to say at that time:

I am now going to say some­thing that will aston­ish you. The first step in the re-cre­ation of the Euro­pean fam­i­ly must be a part­ner­ship between France and Ger­many. In this way only can France recov­er the moral lead­er­ship of Europe. There can be no revival of Europe with­out a spir­i­tu­al­ly great France and a spir­i­tu­al­ly great Ger­many.…

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Greece and the European Union

Greece and the European Union

Greece’s Debacle

A friend sends James K. Gal­braith‘s thought­ful arti­cle, “From the Destruc­tion of Greece to Democ­ra­cy in Europe” (Boston Globe, 22 August):

Last year’s third bailout of Greece, imposed by Europe and the Inter­na­tion­al Mon­e­tary Fund, does to Greece what Ver­sailles did to Ger­many. It strips assets to sat­is­fy debts….a quag­mire of graft to sup­port an illu­sion that Greece could “com­pete” as part of the euro. Already in 2010 the IMF knew it was break­ing its own rules by pre­tend­ing that Greece could recov­er quick­ly, sus­tain a huge pri­ma­ry sur­plus, and repay its debts….…

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Brexit: Britannia Waives the Rules

Brexit: Britannia Waives the Rules

Brex­it after­math. In vot­ing to leave the Euro­pean Union, Britain has opt­ed to become anoth­er Nor­way. One of the most pros­per­ous and con­tent­ed coun­tries in the world, Nor­way does fine with its own laws, cur­ren­cy, and trade agree­ments, includ­ing a good one with the EU. It is hard­ly a bad mod­el.

Short-term Troubles Euro­zone par­tic­i­pa­tion (Wikipedia). BLUE: 19 EU mem­bers in the Euro­zone. YELLOW: EU mem­bers oblig­ed to join the Euro­zone (Bul­gar­ia, Croa­t­ia, Czech Repub­lic, Hun­gary, Poland, Roma­nia and Swe­den). PINK: EU mem­ber with euro opt-out (Den­mark). RED: EU mem­ber vot­ing to leave (UK). GREEN: Non-EU mini-states using euro with a mon­e­tary agree­ment (Andor­ra, Mona­co, San Mari­no, Vat­i­can City).…

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