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An article on the website of The Commentator today points of what it sees as a delusion amongst Eurocrats about the Euro. It cites how those who seek to create fiscal and political union have got it wrong and why.
Here are some quotes from the article:
In December 2008, Lee Rotherham produced an in-depth study for Open Europe looking at how the European Union spent at least €2.4 billion that year promoting itself, more than Coca Cola spends on advertising.
"The Eurozone’s difficulties result not from the absence of strong central institutions but the absence of strong local institutions."
The article uses a video to illustrate some points. The video is a piece of propaganda about how marvellous the Euro is alleged to be, but as The Commentator points out:
"At one point in the video Mario Draghi - President of the European Central Bank - tells us "the single currency has become a symbol of integration and cooperation.
"It is a symbol of integration pursued to the point of disaster and cooperation between politicians who have locked their countries into a currency that is - as Sajid Javid MP put it - a "bankruptcy machine".