THE EURO IS LOSING ITS GLAMOUR
French, Germans See Euro as `Bad Thing’ Amid Crisis, Poll Shows
By James G. Neuger - Sep 15, 2010
Majorities across Europe view the euro as a “bad thing” in the wake of the sovereign debt crisis that rattled the continent, a survey showed.
Fifty-five percent of Europeans voiced negative sentiments about the currency, led by a 60 percent disapproval rate in France and 53 percent in Germany, according to a poll released today by the German Marshall Fund of the United States and the Italian foundation Compagnia di San Paolo.
While 57 percent of European Union citizens felt the economic calamity should lead to a stronger, more integrated EU, only 39 percent want to see the main crisis-management decisions made at the European level.
One exception was Germany, the country footing the biggest share of the 860 billion euros ($1.1 trillion) in loans and pledges to prevent Greece’s fiscal woes from infecting the rest of Europe. Some 54 percent of Germans were in favor of European solutions.
Dr. Pinna says:
The Euro serves only one function: making International Corporations more profitable. A family owned business in any European country doesn’t need the Euro to function or to prosper. After the Euro was introduced, a large percent of small, local businesses were forced into bankruptcy by companies such as McDonald’s.
The Euro forces the controlled populations, such as the Germans, to support the uncontrolled populations such as the Greeks. Ultimately, we will see a disaster zone such as the U.S. or a return to the small European currencies.
It is to be noted that those few countries that did not enter the Euro Zone, such as Norway and Denmark, are doing fine financially.
