A view from the Place de Luxembourg café sees a
picture
European Commission President Jose Manual Barroso,
told the European Parliament in Strasbourg 14 the September 2011.
"We are confronted with the most serious
challenge of a generation. This is a fight for the jobs and prosperity of
families in all our member states. This is a fight for the economic and
political future of Europe. This is a fight for what Europe represents in the
world. This is a fight for European integration itself. The whole vision for a
united Europe is at stake. “
"Federalism is back, we
can talk about federalism again." says Guy Verhofstadt, a former prime minister
of Belgium "A European fiscal union, an economic union, a political
union, this is what the markets want."
EU President Herman Van
Rompuy when asked last week "Is it possible for a member to
leave the
euro?" Said, "No there isn't. Eurozone isn't a cafe." He is also credited with
saying “In the EU we are taking unpopular decisions in an age
of populism. We will do what it takes, step by step.”
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| Not a distorted vision: Cafe Dusseldorf, Euro citizens view Frank Gehry buildings from the Hyatt hotel terrace. 2011 |
“The problem lies in the fact that the plan put
forward to remedy the Eurozone crisis is designed to protect banks and major
financial institutions first and foremost. Not the taxpayers. And this plan is
partially funded and fully endorsed by the IMF. What makes it worse is that
these economic interventions are often justified in profoundly arrogant ways.” Austerity programme protester Ireland
A view from the BBC economics café offers a reason.
“Right now, Greece's fate hangs in the balance. It has
already received what economists called a "haircut". That is a
voluntary agreement from its creditors to take 79 cents in the euro and extend
the loans for up to 30 years. Ninety per cent have signed up to this.”
“Anything more than that should trigger a credit event allowing those who have
insured themselves against losses on Greek debt to start calling in their
money. That is what politicians fear will shoot the Greek debt issue like a
sabot anti-tank round straight through the hull of the global economy.” Paul Mason Newsnight.
The citizens view is why follow the Federalists now
when they can’t provide unity, leadership or vision at this first major
problem. “Dimension, The Art of
Superstate” may be just an illusion for the moment.
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