Last night, between 9:00 and 10:00PM on BBC2 the Eurosceptic former cabinet minister presented a programme that had him travelling to Greece and the Germany. Whilst in these countries, he interviewed several people about the Eurozone crisis. In each case he offered then two notes, a Euro note and an old Drachma note in the case of the Greeks and an old Deutschmark note in the case of the Germans.
All preferred the Euro. Of course, this will have been staged but this was no pro Euro presentation. Throughout the programme Michael Portillo suggested (correctly) that the Euro was part of the problem and not part of the solution and that the logical and sensible thing for all the Eurozone countries was to return to their old currencies and for each country to become again sovereign in running its own affairs.
Although British Gazette readers will note that Michael Portillo whilst Eurosceptic is not on record supporting calls for the restoration of lawful government in this country, we were heartened when it was suggested by Eva Kaili (now herself a former member Parliament for the Panhellenic Socialist Party or PASOK), that the UK adopt the Euro, the former minister replied with, “Have you heard the phrase, “Over my dead body?”
This refusal on the part of the Europhile politicians (and those that vote for them) to accept the only sensible course of action will of course lead to disaster. The longer this goes on the worse the disaster is going to be.
It seems that most Greeks want their country to remain in the Eurozone and at the same time, want an end to the austerity programme. This of course is impossible. Meanwhile, most Germans want their country to remain in the Eurozone and at the same time, want an end to the continual calls on their taxes to prop up economies such as Greece. This of course is impossible.
So there you have it: two peoples each wanting impossible things!
Of course, this is going to end. The international money and bond markets will see to that. As the late novelist, philosopher, playwright, and screenwriter Ayn Rand said: “You can avoid reality, but you cannot avoid the consequences of avoiding reality.”