The Euroskeptics’ Dangerous Mistake

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The Euroskeptics’ Dangerous Mistake

Why they’re wrong to say that Europe is finished.

Britain’s best experts on Europe are wrong. Dangerously wrong. This includes commentators that the Trumpet has quoted for years. A consensus is growing among Euroskeptics that the euro, and maybe even the European Union itself, is finished.

The Delusion

As the Euroskeptics see it, they are totally victorious. “Almost overnight, Euroenthusiasts have folded their tents and abandoned the field,” writes Conservative Member of the European Parliament Daniel Hannan. “Commentators who have spent years singing paeans of praise to the European project are chanting threnodies over its coffin.”

While those who say the EU is about to collapse are getting a little ahead of themselves, says Hannan, “the EU has lost whatever legitimacy it once enjoyed.”

“It may stagger on for another five years, or even another ten,” he writes. “But, if the happy events of 1989 teach us anything, it’s that the end, when it comes, is more sudden than anyone dared to hope.”

The famous British historian David Starkey agrees. At a meeting of the think tank The Bruges Group, on the fringe of the Conservative Party conference last week, Starkey said that “Europe’s been able to get away with it because its taxes are stealth taxes.”

The crisis means that “shedloads of taxes” will be going to Europe, he said, so “the people will start to notice.” Once this happens, he believes, the people will shut the euro down.

Ambrose Evans-Pritchard, another commentator we’ve often quoted on the euro crisis, believes that the German public and the German high court have slammed the brakes on further integration. “There will be no fiscal union,” he writes, in caps. Eurobonds, pooling debt, and creating an EU treasury are not going to happen, he writes. “There will be a stability union—or no monetary union.”

To Starkey, this is a vicarious victory for the British political system. “The British did their job rather well with Western Germans, as it was,” he said.

“They legitimated German nationalism by making it genuinely parliamentary,” he said. “What I see is a clash, now, between the British tradition, actually now exemplified much more effectively by the Germans than by the British, and the overarching French tradition of the European Union itself.”

Peter Oborne, the Telegraph’s chief political commentator, epitomized this Euroskeptic view on the bbc’sNewsnight. “The euro is collapsing under the weight of its own contradictions, and the idea that political will can solve an economic problem runs against the basic insight of none other than Karl Marx, which is that economics in the end trumps politics,” he said, as he berated the spokesman for the European Commission as “that idiot from Brussels.”

The euro was a ridiculous project by bureaucrats who wanted closer integration, despite the economic reality, and it has now been defeated by British and German common sense, according to the Euroskeptics.

The Truth

These experts and Euroskeptics have a lot of things right. The euro didn’t make economic sense, and they worked hard to keep Britain free of it. But they underestimate those behind the European project.

In July, Oborne wrote an article titled “The euro crisis will give Germany the empire it’s always dreamed of.” Writing about the southern European countries, he said:

Their economic sovereignty has been obliterated; they face a future as vassal states, their role reduced to the one enjoyed by the European colonies of the 19th and early 20th centuries. They will provide cheap labor, raw materials, agricultural produce and a ready market for the manufactured goods and services provided by the far more productive and efficient northern Europeans. …While these nations relapse into pre-modern economic systems, Germany is busy turning into one of the most dynamic and productive economies in the world. Despite the grumbling, for the Germans, the bailouts are worth every penny, because they guarantee a cheap outlet for their manufactured goods. Yesterday’s witching hour of the European Union means that Germany has come very close to realizing Bismarck’s dream of an economic empire stretching from central Europe to the Eastern Mediterranean.

Last week, Starkey said that Greece is “being milked like a German African colony in 1910.”

But these men believe this has happened by accident. They are wrong: The situation is entirely according to plan. Bernard Connolly is a former Eurocrat who authored The Rotten Heart of Europe, which exposes the evils of the European Exchange Rate Mechanism and the truth about the European Union. Over a year ago, he explained the process in an article in the Telegraph: “[T]he EU quite deliberately created the most dangerous credit bubble of all: emu[Economic Monetary Union]. And, whereas the mission of the Fed is to avoid a financial crisis, the mission of the ecb [European Central Bank] is to provoke one. The purpose of the crisis will be, as [Romano] Prodi, then Commission president, said in 2002, to allow the EU to take more power for itself. The sacrificial victims will be, in the first instance, families and firms (and banks and investors) in countries such as Ireland …. Subsequently, German savers (or British taxpayers) will bear the burden of bailouts that a newly empowered ‘EU economic government’ will ordain” (Aug. 20, 2007; emphasis added).

The euro has done its job. The same forces that designed the euro to fail aren’t going to back down just because the voters in Germany are distressed. The EU has pushed toward integration despite voters for decades, and it won’t stop now.

Only the Trumpet

Britain’s foreign policy for hundreds of years has been to prevent a united power rising in Europe. Now that Britain’s most astute observers believe the euro is falling apart, they believe the situation is safe. Only the Trumpet is still sending out a warning.

Some big changes are coming to the eurozone. The Trumpet has always said that a 10-nation superpower would arise in Europe. Earlier this year, Trumpet editor in chief Gerald Flurry wrote: “Germany will use this crisis to force Europe to unite more tightly. In the process, some eurozone countries will be forced out of the union. When that happens, the pundits will say European unification is dead, that the European Union has failed. Don’t listen to them!”

Predicting the future is impossible for any human to do with great accuracy. Only the Trumpet is describing what the Bible prophesies, backed up with analysis based on history and current events.

Britain is in great danger, but even its best watchmen are asleep. A European superpower will rise out of the euro crisis. And when that happens, remember: You read it here first.