The Poor Quality of Eurozone Decisions

There are too many European countries that have been steadily working their way towards suffering the same experience as Greece. Unfortunately, France, Italy, Spain, and the United Kingdom have to be included as over-indulgeing in profligate expenditures financed by ever increasing debts.

The UK illustrates that such foolish behaviour is not limited to members of the Euroone.  Rather, the diffculties arise because politicians are or become addicted to paying out more than they recieve in revenues. Electorates, lulled by the bribes of their politicians, too often applaud such profligate spending based on debtr funding, forgeting such debts will inevitably need to be repaid.

In effect too many European countries have been tempted to run what are in effect Ponzi schemes, paying for past debts out of new incresed borrowing.  Naturally when lenders eventually loose confidence in the possibiity of repayment such Ponzi schemes collapse.

Irronically, the real difficulties experienced by the Eurozone are less the result of decisions made by unelected, highly oaid, privildeged eurocrats than the result of decisions made by pusillanimous, blinkered, prejudiced, provincial minded, politrical 'leaders' operating the Europen Council. These 'leaders' are national politicians, and national representatives.  Eurocrats are compelled to accept their decisons as final, even when their compromises and obfustications make little or no sense, obviously avoid the issues, and fail to make the choices and decisions required.

In the case of the Eurozone the evident lack has always been the institutional mechanisms to enforce and penalize unacceptable financial practices.  National 'leraders' have almost always avoided submitting to the disciplines required to make the Eurozone work effectively.  Restrictions  on the level of deficit budgeting have been unenforceable, and lack effective penalties for transgressions, because national 'leaders' wanted it that way, not because eurocrates offered poor advice or made bad decisions.

The greatest hoax perpetrated by our elected national 'leaders' has been their pretending they are not responsible for the decisions they have inflicted on their elctoratesand Eurocrats alike.  Dare one suggest that much as one legitimately dislikes the idea of unelected officials making decisions, the quality of choices made our elected national 'leaders' has been appalling.  Don't let our national politicians excape responsibility for their poor decisions by letting them blame eurocrats who are only permitted to impliment the orders of their political masters.

In truth electorates need to exercise greater control over the quality of decisions made by national politicians at home and when making European Coouncil decisions.  Too often they say one thing and do another.  It would help matters if 'our national leaders' were not allowed to make decisions affecing us behind closed doors.  At home, too often they buy votes with incressed debt. Too often they make poor European decisions to conserve personal power and autonomy, playing to the nationalistic prejudices of their electorates rather than explaing why, sometimes, it is in all our interests to cooperate.