Category: European Union

The European illusion

March 15, 2017 0

The infamous Treaty of Versailles which was imposed on Germany following the First World War forced the nation to pay the astronomical sum of 132 billion Marks. This iniquitous treaty was to provoke the Occupation of the Ruhr in 1923 by France, displeased at the delays in German payments. In 1924 however, the Dawes Plan,…

By Michel Santi

Disintegrating Europe

December 6, 2016 0

Europe was founded and edified on the famous principle of the four liberties. Capital, goods, services and work are meant to be able to move without any restriction anywhere in this mercantile Europe. Unlimited competition goes hand in hand with minimum control over the private sector, which together are supposed – according to the irrefutable…

By Michel Santi

Brexit versus globalisation

November 5, 2016 0

Brexit was much more than a British electoral consultation to leave the Union. The issues were actually much more serious – and critical for some – than the relatively anecdotal aspect of a country that had never really integrated into Europe. Despite what had been stigmatised by the partisans of the Remain camp, Brexit was…

By Michel Santi

The euro and the gold standard

October 23, 2016 0

Well before the creation of the euro, the Canadian, Robert Mundell, was to enumerate the conditions of success for a monetary union. His works won him the Nobel Prize in 1999, precisely the year that the euro was launched. According to Mundell, a currency shared by a large geographic area is only viable when there…

By Michel Santi