The euro is dead long live the Europe of the homelands and projects

Explosion of the buying Euro

It must suddenly said: the euro is dead because it is destroyed itself. The existence of the European Union (EU) as it was deconstructed since the single act and the Maastricht Treaty vote, the euro system and the policy of the European Central Bank (ECB) have been as instruments of financial globalization. Although the United Kingdom is not member of the euro area, it is the inspiration of the City of London and the governance of the British Empire in its monetarist form Anglo-American, which prevailed on the European continent. The approach of the EU, the ECB and the euro area has led to the strangulation of the Member States for the benefit of a financial system operating mainly from London, with the ideology of the British Empire. His weapon and his means of blackmail are the debt of the States and the ability to speculate on this debt continuously and at the speed of light. The approach of the EU, the ECB and the euro area has led to the strangulation of the Member States for the benefit of a financial system operating mainly from London, with the ideology of the British Empire. His weapon and his means of blackmail are the debt of the States and the ability to speculate on this debt continuously and at the speed of light. However Europe should no longer be the horse of Trojan of financial globalization but a locomotive of the global recovery.

Explosion of the buying Euro

Explosion of the buying Euro

It is true, at the beginning it had confused by the change of scale, upset by creeping inflation that each trader seemed to want to impose through the transition to the euro as a pretext; then from time it was accustomed and same attaché. Today it is serious issue to return to the franc and the mark. The end of the euro is no longer a taboo subject. The magnitude of the crisis, growing, economic but also cultural imbalances which appear to be away more than never virtuous countries of unruly pigs in the South, the increasing cost of a possible rescue and pressure of public opinion who tolerate evil of the imposition of austerity cures caused by others, are stabbed in the back of the euro already poorly at point. The political class, belief or populism, begins to take advantage. Economists also, before the severity of the situation, wondering if the abandonment of the single currency would not finally be the cheapest solution. This is of course difficult to the heart to abandon the main European project of the two decades but should we not also know sometimes recognize a failure?

Disappearance of the Euro.

Explosion of the buying Euro

Unthinkable there is still some months, European countries échafauderaient plans for break-up of the eurozone. National banks plancheraient including on the possibility of reviving their old national currencies, they print more since the launch of the euro in January 2002.

At least one of 17 banks in the eurozone, the Bank of Ireland, would think about the possibility to print its own banknotes and restart so its own currency, says the American daily. And according to rumors, the Greece Bank would secretly visit of drachmas, the official currency Greek before the adoption of the euro. However, a spokesperson for the Bank denied these noises.

At the same time, many central banks outside the euro area preparing defensive measures in case of disappearance of the European currency. In particular, the Switzerland Bank would think about the possibility of replacing the single currency, currently used as a reference for the Swiss franc Mint, by another currency or basket of currencies. In Montenegro, the official currency is the euro although the country does not belong to the euro area, policy makers are considering "a wide panel of opportunities ranging from the use of another official currency at the launch of their own currency". However, the Central Bank of Montenegro is not allowed to hit its currency. Similarly, Bosnia or the Latvia whose currencies are indexed on the euro reflected also in possible exchange replacements.

Explosion of the euro: companies have already started to prepare the upheaval

Explosion of the buying Euro

Journalists met with dozens of officials of multinationals. Their question was simple: do you envisage the end of the euro? And the answers, in their vast majority, positive. The leaders of large companies already to think about the consequences of the demise of the single currency, and try to anticipate it. Why make such projections? Business leaders look for several weeks the European leaders to fight to try to control the sovereign debt crisis or raise the output of the Greece of the euro area. In this context, they are many to estimate that it is now necessary to prepare against a possible disappearance of the single currency. However, in the business community, it seems that this perspective is increasingly considered: in mid-November, on the other shows that about 250 economists almost half think that the euro as we know not survive in its current form. The impact of such a scenario on their activities would be important if countries of the euro, there is a risk of devaluations which will increase significantly the price of imports. And business leaders are not alone in the scenario.