Friday, October 28, 2011

All that you did yesterday was a rearrangement of the deck chairs on the Titanic

We are now all in Europe part of an experiment.  I doubt the consequences have been considered fully.

"Today we have a deal on the Euro that will benefit its 17 members – but I stress only temporarily. In the long run, this is neither sustainable nor defensible.

We should also allow the non-Eurozone members – such as my country the Czech Republic – to decide again whether they wish to enter. We signed up to a monetary union, not a transfer union or a bond union in our accession treaty. This is the major reason why the Czech Prime minister wishes to call the referendum on this matter. I fully support him.


We have come up with costly and temporary solutions. Sorry, Mr. President, there is no reason for optimism. Not at all. All that you did yesterday was a rearrangement of the deck chairs on the Titanic.“

Read more at the "O Insurgente" (Hat Tip)

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