'EU uses euro collapse threat to blackmail taxpayers'

As Europe's leaders roll up their sleeves and prepare to slug it out for the euro's very survival, German parliamentarian Frank Schaeffler explains to RT why piling new debts on top of old ones can only lead to collapse.
­RT: How would you grade the efforts by Merkel and Sarkozy to save the eurozone, and are they heading in the right direction?
German parliamentarian Frank Schaeffler: No, it's a project that has been designed by those at the top. The European Union needs the steps that would bolster the market economy and that would be adjusted so that they could fit into the market economy. According to the rules of the market economy, if you decide to take on the risks, you have to bear responsibility for these risks. The projects that are enforced from the top will not be able to operate under such conditions. Such projects should work from bottom up.
RT: European bureaucrats and their allies in national governments want to see more fiscal control over national governments, more control over their budgets also. How much centralization does the European Union need, in your opinion?
FS: The European Union does not need more centralization. Excessive centralization has actually been the key problem and the reason why we are facing the current crisis. The euro has been a project of the planned economy developed and enforced from the top. The members that have become part of the eurozone project are very much different from each other and cannot provide for a common homogeneous currency space. That's what has become so obvious under the present situation. Now they want to resolve the problem by introducing more centralization while centralization is the root cause of the problem.

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Category:

News & Politics

Tags:

• RT
• Egor Piskunov
• Germany
• Euro
• crisis
• bailout
• Merkel
• Sarkozy
• Frank Schaeffler
• economy
• centralisation
• US
• Berlin

[PhilDobson2010]

If nobody bailed out these supper rich people, they would become ordinary people but this is unthinkable for them.

They stole from our Governments & laundered their stolen money by lending it back to our Governments, then stole it again, lent it back again, billions becoming trillions, in a spiral of blackmail & deceit.

[Solarfactor]

And Max Keiser was talking about Cameron committing financial suicide by not agreeing to the new treaty. If the UK moves in the same direction as Iceland, things can only get better sooner. Liquidate the debt, arrest the bankers, and draft a new constitution to prevent anything like this ever happening again.

[MrTimothytim]

The EU has one currancy but not one goverment it are all goverments with a supreme co-operating goverment now that the EU hade its first crisis in this co-operating system problems surfaced the biggest one is that we have the commen currancy but not a commen treasurary or absolute Goverment now we hade to create an artificial treassurary all the crisis did was bring the EU closer together economically and sytimatically it is just a grow pain ofcours the people are stil devidid united in difrance

[MrTimothytim]

FFS fucking dubs everywere plz expand your skills that can economically help you and learn German and French

[TheParaAnalysis]

When your relatives die say I want all the blood to be taken from them I want to see the blood and shown and proven that the one that died Is the blood and let them proove thast the blood is burn't, do this and the world will be set free. Our Blood is the key to our existance and the reason why we are here! Why! Youtube"Ferro Fluids with static, then Naztec, aztec Candellabra, Gravity energy(straight static), the HOLY GRAIL, thats what it's all about> we are just like Chemically refined oil?

[D33Lux]

@2scary4yu Yeah everyone has secrets so what, those aren't secrets those are deceptions. I don't believe in that NWO business or any of your secrets for that matter because people with secrets are pathetic trying to gain control & of power are oblivious to the fact that we all die someday & your illusion of secrets & power turn to dust also.

[2scary4yu]

@D33Lux I have friends in the CIA, I even shook hands with obama when he came to my country, there are secrets that must be kept secret and I can tell you 100% it has absolutely nothing to do with a New world order, The whole ideology behind the new world order was designed by delusional people for delusional people.

[D33Lux]

@ps3man76 Yes, you are correct this is not a secret anymore. There's dozens of vids floating around of ex presidents, bankers...heck even that pope admitted it.

[D33Lux]

@2scary4yu You're beyond ignorant if you believe your fairy tale world. Its openly admitted there's a plan for a new world order. It was admitted by the Pope, George Bush Sr., Henry Kissinger, David Rockefeller...etc I had friends who were Masons and they even openly admitted. You're either too stupid or a damn liar. Either way don't waste my time with your ignorance it could be contagious.

[jazzsowhat84]

@carpediem1975mx well, the american people of all those on the streets worldwide nowadays face the most vicious eviction measures... our police (i'm from Germany) is neither funded lavishly by the banksters nor stocked with military weaponry so far. i'm so tired of hearing these corny preconceptions about the "sleeping american people"... get ur ass to NY, San Francisco and so forth, if u still think, the people on the streets there are just (by quantity) negligible punks bitchin` around -.-

[justicepartyuk]

People who brought in Euro were crazy, Euro is greatest corruption currency in History. Countries in Europe deliberately went bankrupt to get hand out.

[redword2007]

@kepler5813

The most significant thing is that two democraticaly elected governments have been deposed beacuse they were not ruthless enough in driving through the changes required by finance capital. It can happen anywhere.