Nightmare in the EU-topia.

Kurt Lykke Lindved Ph.D Culture and Development - UN Lecturer and Writer Honored Dutch Counsel Former CEO in EAC Entertainer and Event Management

Kurt Lykke Lindved Ph.D
Culture and Development – UN
Lecturer and Writer
Honored Dutch Counsel
Former CEO in EAC
Entertainer and Event Management

On the back of an ingrained inferiority to the United States, Russia, China and India, European politicians built the dream of the EU that could match even the largest Super Power. The problem was that people did not dream of it in the same way. So the union dreams became a real nightmare that is sending one country after another into the abyss.

The EU has obviously some ideological problems with the difference between political ambitions and the citizens becoming more pronounced. But the absolute biggest practical problem the EU has – what are the root of most problems and a root for the EU to develop in a disastrous direction economically and increasingly ignoring on democratic processes – related to the common currency, the euro. The idea of ​​a single currency in Europe goes far back, way back to the EC, and even to the time before the EC. In fact, the idea was discussed even before World War II, the League of Nations, and forerunner of the United Nations. Back then, it had only a grandiose vision, and first with the Werner Report in 1970, it firmly placed the agenda of the Community. Like many other grandiose visions, the euro is also impressive, ambitious and logical in the best of all worlds. If you could create a single economic and monetary union with a population larger than the U.S. would the international political power, of course, also reflect it. One must not underestimate the fact that it has been an underlying dream of European politicians for decades. Like so much else in the EU are major parts of this project was driven by European politicians inferiority to the United States, Russia, and later others, actual or potential superpowers such as China, India and the Middle East.

eurozone_map-1024x576_edited-1
The main problem for politicians, however, has been that the majority of European citizens did not have any desire to create a political union, which must be the foundation of a monetary union. The citizens of the wealthy countries did not want to give up their national identity, nor their economic benefits to be part of a common pool. This ‘solidarity’ with poorer, less disciplined and less educated people locked the countries as permanent contributors. Not surprisingly, the main enthusiasm was high on the list just the economically weak countries that predicted significant advantages in such a system, without even being willing to throw their nation states overboard along the way, and indeed also without throwing some of their bad habits overboard – it seems that especially the southern European countries and some Eastern European members always looked at the EU as a cornucopia from which all the world’s riches will flow, without having to make an effort to earn them.

European politicians knew really well that an underlying foundation in the form of a 2013-02-07T211938Z_1_CBRE9161N8S00_RTROPTP_2_EU-BUDGET_edited-1political and financial union was a necessary condition for the single currency. There were many warning voices in the run-up to the formation of the EMU. But although it was clear to some, it was chosen anyway to get the project started with a foundation so weak as a sand castle in the shallows. On expected after grant, one might say, or – as has been shown in recent years – with a hidden agenda, namely to force the foundation piece in small but crucial bits, without having bothered to ask the people of Europe. The process continues unabated, even in countries not being a member of the Eurozone, but the politicians want a more comprehensive integration than people are ready to absorb but to prove their political loyalty to the rulers in Brussels, being unfair to their own people is often the path to good jobs with lots of crosses, ribbons and stars and the illusion of political importance among friends.

img_606X341_2503-eu-cyprus-deal-sealed_edited-1What exactly is the problem with a common currency when it now sounds both practical and appropriate to avoid currency conversion and exchange rate risks and to create a strong central bank can make an impact on the international level? By entering into a common currency you give up essential tools that a national central bank would normally have available. The most obvious is of course the possibility of adjusting the exchange rate, either by or revaluation, or to simply leave the rate fixed statement to the financial markets, which of course is good Latin for most other assets. The second key tool is the ability to adjust the cycle through the short-term interest rates. Adjustment mechanisms are critically important, and in the absence of those, the seeds of disaster are a risk for any region or country, unless there is consensus that the resulting inequalities can be adjusted in other ways. It may be common bonds, fiscal transfers, etc., as seen in other nation states outside the Eurozone.

Fundamental rights have been put under pressure in the Eurozone in the past few weeks. The handling of the unfortunate Cyprus situation underlines the hopelessness that the 17 euro countries are in. The panic is so great that no steps seem too extreme to save the project and defend the political capital that has been invested in this monumental failure. The original proposal to break the European bank failures was good but unpalatable it will subsequently be withdrawn again. But the cat is out of the bag and it is difficult to determine where the boundaries will be in the future, as the European crisis gets worse and worse. Although the idea of ​​depositors taking responsibility for their actions is fair enough – the random way is the EU policy development on a dangerous signal to send to both small and large depositors in European banks. It seems like everything developed on the back of a napkin during the actual process, which is not a good recipe for confidence in the Eurozone.

One of those who has repeatedly warned against the development of the EU, the Czech Republic’s former president, Vaclav Klaus. In his book Europe – “Integration without illusions”, writes Vaclav Klaus, it is ironic that the project, which was to unite Europe in peace, has been a source of strife and poverty. It is an important book, where the now retired president takes stock of European cooperation development – and possible settlement.

And I have accurately recognized this even though I have been a Union supporter for many years – the EU will stand face to face with a choice between plague and cholera in the coming years.

@K.L.L.

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About lindvedpress

Professional – Career * Qualified as a Charter Agent in the East Asiatic Company - Became a State Authorized Shipping Broker in 1969 * Captain in The Sirius Patrol – Greenland at Thule Air Base, 1969-1971 * Postings in New York, New Orleans, Toronto, Rio de Janeiro, Lagos and London as Charter Agent and Manager 1972 – 1983 working for The East Asiatic Company Ltd. – Copenhagen * 24 years with The East Asiatic Company Ltd and subsidiary companies as Charter Agent, Marketing and Development Manager; and General Manager * Supplementary courses and examinations in Maritime and Commercial Law Management. * Founder and Owner of Sonata Production, Art and Music International Inc. – France & Denmark 1995 – present - Entertainment, Lectures, Concerts, Exhibition Events, CD, DVD and Video Recordings. Professional – Freelance * Qualified as trumpet player at Aarhus Music School – Denmark * Professional musician with several orchestras and bands – including the Matadors, Saratoga Jazz Band, Rice Wood Jokers and Aarhus Brass Band. * Leader of ”Show and Entertainment Group 28 Carat” and the Evening & Theatre School 28 Carat * Self-taught Artist (painter) Lecturer and Writer * Responsible for several large Theatre and Exhibition Events Worldwide Awards * Dutch Consul, Denmark * Goodwill Ambassador – Various Non-Profit Organizations
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3 Responses to Nightmare in the EU-topia.

  1. Natasha says:

    Dear Mr Kurt, I can only agree with You, Monica and Erik in all points…..people become too selfish, too material, too destructive and too stupid to see that this kind of behaviour (in all segments of life) can only lead as to selfdestruction. EU is beautiful idea “on the paper”, but in reality is this union something else – differences between countries, people, cultures, way of life and work etc. before was more beautiful and interesting….God made us all different because those differences also made us more interesting. All nations and cultures, no way how different,are all important for human race, like in food chain between animals….thinking that we all must think the same way, like the same things in life, all have the same desires and ambitions in life, is selfish and stupid and it’s the root of all evil on Earth. We forgot to be good, to love the Nature, other people and ourselfs and that – if we will not change as soon as possible – gonna destroy us very soon.

  2. Wonderful perceptions about what is going on in Europe, dear Kurt. Yes, here’s one of Monica’s lifetime comments to you: “it is in the nature of evil not to forge true alliances with anyone. Evil cannot really co-operate to build anything in the long term. Pride, covetousness of material wealth and power, self-indulgence desire for the pleasures of the senses, profound ignorance, stupidity, and above all, an unnatural heart who is cold, completely self-absorbed, and cruel when it comes to defend its own small delusional personal kingdom – this cannot lead to anything but to profound isolation and destruction. Men walk in mutual suspicion and derision, just waiting for the right moment to take over whatever advantages they can scrounge, at the sacrifice of Nature, their fellowmen… and themselves: for nobody can be really happy and healthy being so poor of love. The European continent has seen many backs and forths along History. It is time for one more. The EU will obviously fragment. Any person with little common sense can see it. Lone suspicious wolves think they’re cunning and strong, but they are incompetent to get durable results: they cannot even hunt in pack – they sabotage and kill one another. That is the nature of evil, sin, and death.

  3. Erik says:

    Thank you for sharing your insights. Unfotunately, you are absolutely right in your analysis.

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