Bill Mitchell: "If you read [this] Report in detail you will wonder why the Eurozone [currency union] was ever created."
We wonders, my precious, yes, we wonders.
So why was it created, over the objections of all then-rational people? Several of it's early proponents have since issued mea culpas, but not enough to matter. Yet apologies are not needed. Only corrections and fixes.
Yet it all comes down to methods. A common saying posits that any set of methods will work, if you get the right people to run it.
What were and are the Desired Outcomes of the currency union?
Are they being met?
Does the EZ even have a method for assessing whether Outcomes are being met or not?
If they do, have EZ citizens elected the right people to make this system work?
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So why was the ECU created, despite rampant warnings? The core answer framework is circular, even before considering the details that Bill Mitchell reviews.
Clearly, many European governments, plus EEU Parliamentarians, were elected that did not represent the interests of European citizens.
Also clearly, that only happened because European citizens did not elect representative who had their citizen's interests in mind.
If citizens don't know where they want to go, all voting options look the same?
Citizens of Europe - and everywhere - only greater distribution of adequate Situational Awareness will save you now, or ever.
Clearly, many European governments, plus EEU Parliamentarians, were elected that did not represent the interests of European citizens.
Also clearly, that only happened because European citizens did not elect representative who had their citizen's interests in mind.
If citizens don't know where they want to go, all voting options look the same?
Citizens of Europe - and everywhere - only greater distribution of adequate Situational Awareness will save you now, or ever.
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