15 Dec 2011

E.U. Crisis: Batten Down the Hatches. Der Sturm Est Arrivée

The Irish are as mad as hell and aren’t gonna take it any more. Or so it would seem watching a transmission from Dáil Éireann (House of Representatives) in Dublin Wednesday.
Most parties lambaste the handling of the Euro crisis which is about to wreak havoc. The Tempest has arrived. France is snarling across the channel while Angela Merkel is playing Nana to clam down the house. Meltdown is here. Madame Austerity will soon be knocking her boney knuckle on everyone’s door. . Politics I know and isn't it entertaining.
A garden in Cologne Germany 2011.
 Double vision or a split view
But two articles in the press are much more sober and enlightening. One by Frank Barry, a professor of international business and development at Trinity College Dublin http://tinyurl.com/c6ulkf8 and the other by the chief of staff the British armed forces General David Richards http://tinyurl.com/c2psqlu
Frank Barry sums up the Irish dilemma facing all those rowdy voices in Dáil Éireann. What comes into the country as a source of money to produce goods does so from the USA and what goes out of the country in production is mostly destined for Great Britain. He informs us the Irish economy is an Atlantic one and as such “ A fiscal policy harmonized within the Euro area will not synchronize the Irish business cycle with that of the French-German core. “ So the Irish have it, to stay in and risk destruction or opt out and ride the storm to happier times. What's a decade to the well-being of an entire country.
It is not usual for soldiers to speak in political circles but when they do it is most often worth listening to. General Richards is quite blunt in his assessment of the situation. “I am clear that the single biggest strategic risk facing the UK today is economic rather than military,” he says “Over time, a thriving economy must be the central ingredient in any UK Grand Strategy. This is why the eurozone crisis is of such huge importance not just to the City of London but rightly to the whole country and to military planners like me.”
So Chancellor Angela Merkel is right to praise Britain as an important partner because simply it is. Not only for the Irish but for the Eurocore Federal States. The newly established Confederate States of Europe may get new members sooner rather than later. However, the goal for SuperState remains intact. To form a functioning and safer German led Eurozone weaker countries can hope to join after this crisis is over. And, a partner Confederacy should the Franco-German experiment become too difficult for some weaker nations to join. Two options but still one Europe. Batten down the hatches Der Sturm est arrivée