Comments on: UK should participate in EU bank recap exercise http://blogs.reuters.com/breakingviews/2011/10/07/uk-should-participate-in-eu-bank-recap-exercise/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: CJ454 http://blogs.reuters.com/breakingviews/2011/10/07/uk-should-participate-in-eu-bank-recap-exercise/comment-page-1/#comment-8541 Fri, 07 Oct 2011 15:39:36 +0000 http://blogs.reuters.com/columns/?p=7119#comment-8541 The UK should not participate in any bailout of Euro area banks or European countries; indeed, we should not be in the EU since we never got the chance to vote on joining the ridiculous, dangerous and unworkable idea.

The EU is mad if it thinks that it can make huge life changing unilateral decisions without involving the voting public.

Every time they make decisions on imposing austerity or taxes foreign countries without gaining the backing of the population, they slide further towards the doom that always awaits dictators. Until they are consulted, people will resist, and what the EU is trying to impose will fail.

This when combined with the daily procession of lies (bank stress tests, bail out of sovereign debt etc) is why the market is so afraid of the consequences. Just look at the daily unrest in Greece. People are burning EU flags, just like in Syria or Libya where innocent citizens protest against evil dictators. This will only spread, once the Sovereign debt pain is passed onto taxpayers by the iditotic EU.

The eventual and inevitable break up of the Euro need not be disorderly, unless the powers that be make it so. An orderly break up, in the reverse of how the scheme was begun, would finally allow democracy back into Europe, and for voters to be able to choose who decides their national economic policy. Call it the European Spring.

We can all then print enough money to recapitalise our respective countries banks, and life can go on without fear.

Right now, we live in a dictatorship with 27 dictators.
That makes people afraid, very afraid.

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