'Europe's "man in the street" was misled for years over the vast political and economic implications of the creation of "Euroland", Herman Van Rompuy has admitted.
The EU's president told a selected audience of civil servants and businessmen that the Greek debt crisis and euro zone bailout had come as a nasty shock to ordinary Europeans.
He said the public was not made aware of the full social and economic implications of the currency before it was created.
"Nobody ever told the proverbial man in the street that sharing a single currency was not just about making peoples' lives easier when doing business or travelling abroad, but also about being directly affected by economic developments in the neighbouring countries," he said on Tuesday evening. "Being in the 'Euro zone' means, monetarily speaking, being part of one 'Euroland'."'
Herman van Rompuy says 'misled' I would use somewhat stronger language!
Surprise, surprise !
ReplyDeleteMy late father was warning that any single currency would be a disaster and that was at least 25 years ago !
Sadly, he hasn't lived long enough to be proved right.
And things will get a lot worse than this. These Eurofanatics are dangerous fools. If they were the only ones to suffer, who cares but we all have to take the consequences of their stupidity.