Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Why did Ireland bother? Don’t they have Trojan horses? › Reply To: Why did Ireland bother? Don’t they have Trojan horses?
Post war Politics in Europe has been engaged in the process of political and monetary union. It is no exaggeration to state that this has underpinned all intellectual and political thought for a generation. The ambitions of the modern political class in Europe is the creation of a super state or super power to rival that of the US and China. Nothing less will do.
Set backs to this cause have been factored in. They expect derailment and crisis but the cause is too great to fail.
Monetary union in the form of the Euro represents a major supporting plank. It’s political not economic. If it were most states would not touch it with a long pole.
Therefore no single state or even group of states will be allowed to stall the greater purpose.
The debts of the PIIGS states pale into insignificance alongside that of California and some other smaller US states. The idea that they would leave that union because of unsustainable debt or bankruptcy is laughable. The federal government always rides to the rescue.
So it will be in Europe. They will huff and puff and prevaricate but the house will not fall down.
With all due respect, I think that’s total poppycock.
Having a few frenchmen believe in a european superstate doesnt make it any closer to being a reality. I can think i’m a lottery winner 24 hours of the day, and it still doesnt make me one, it just makes me a horrendously mistaken dreamer. In actual fact, those euro dreamers are about to get a wake up call of grand proportions and I think we’ll soon see how much they value their superstate versus their wealth.