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It has everything to do with the EU, the Dublin rule, the fact that Italy is chastised for its 2% deficit while France gets away with 2.8% deficit, and some oth
by wazoox 8y ago
It has everything to do with the EU, the Dublin rule, the fact that Italy is chastised for its 2% deficit while France gets away with 2.8% deficit, and some other things. Why do you think the populists won the elections in Italy, and will without a doubt in France in May?
Here is the story of the euro: stupid French technocrats invented it. Some unknown counsel in Fabius office when he was a prime minister even explained someday how he and a colleague pulled the "3% deficit rule" out of their noses because it sounded right, back then in 1984. This would be oh so funny if it wasn't so pathetic thinking about how incompetent all these serious-looking people are.
Mitterrand said in 1992 "J'ai cloué les mains de l'Allemagne à la table" (I nailed Germany's hands to the table). That was a terrible idea from the start. The bet was that as it cannot function without an integrated financial and tax systems, these will be forced into existence against everyone's will (but those of the most convinced federalists). And guess what? no integration happened, and now we're hosed.