Douglas Carswell's Blog

Euro crisis solved. Tractor production rises

Who knew it could be so easy? After almost twenty summits to fix the Eurozone crisis, they've finally done it.

Germany has agreed to take on a bit more of someone else's debts. More Europe will try to solve a problem created by too much Europe to begin with.

And to cap it all, there's a plan for growth that'll make Europe prosperous.

Except it's all balls.

Shuffling the debt from the banks and basket cases who incurred it, and giving it to someone else, does not make it less of a debt. More Europe simply exports public policy failures from one Euro state to the next. The "growth plan" boils down to spending money Europe cannot afford. Europe, with an apparent per capita income of $30,000 - $40,000, can no longer produce the wealth to sustain this illusion of prosperity.

I wonder if it must have felt a bit like this in various eastern European states before the fall of communism? We know the political elite are talking twaddle. And they know that we know that their grand design has failed.

Something's going to have to give - and it won't be the German taxpayer indefinitely.

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