The apostate Pissarides

‘Back then, the euro looked like a great idea. But it has now backfired. It is holding back growth and job creation and it is dividing Europe. The present situation is untenable.’ Professor Pissarides

ONLY IN THE UK are the great and good rewarded for failure. Whether it is a failed politician, or one the voter kicks out via the ballot box. All are either tapped on the shoulders by a sword wielding monarch, given a Quango to oversee; or are shuffled off to the House of Lords to continue suckling from the public tit, after which many of them, like Lord Myners manages to become a director of a bank. Admittedly it is the Co-operative, but perhaps he sees it as an act of penance  for his part in the Co-op Britannia takeover which he advised and encouraged should take place (he was also involved in the RBS's taxpayer bailout and Fred Goodwin's pension).

            

             I am sure the British have their own particular favourite who has been so rewarded. Mine is Sir Christopher Pissarides, the  highly regarded economist and Nobel Laureate who lectures at the London School of Economics (LSE).

            

             Sir Christopher was the architect of the euro; and who, in a speech today at the LSE, will announce his apostasy and declare the euro a failure. According to the press his speech will contain references to a 'lost generation' and will refer to the euro 'dividing Europe'. The Cypriot born academic is one of 'the most respected European economists of his generation' according to the Daily Mail. I must say that there are millions like myself who have never heard of the man; but it is nice to put a face to the most catastrophic piece of social engineering seen in Europe since it was attempted by force, by Napoleon and Hitler.

            The euro will hopefully be seen as damaging for the continent a 14^th century plague that wiped out half the population of Europe. At least the good professor has the integrity (lacking in so many politicians) to admit he was wrong. But considering the scale of what he was wrong about; it brings little comfort to millions of Europeans out of work, and the millions of Germans that are being forced to pick up the pieces of this horrendous adventure.

            

            Yet in time Sir Christopher Pissarides will become Lord Pissarides of Nicosia and will lose none of the respect from either his profession, or the European (including the UK) political elites. He will continue to be pressed to the bosom of the liberal establishment, and will, even after his retraction, remain popular.

I FAILED MY 11-PLUS, I am hopeless at maths and configuring numbers and equations. Algebra was a foreign language to me - and I am proud of none of this. But even I, and millions of others, whose mathematical skills fell well short of the minimum standard, did however have an understanding of basic history and human nature.

            

             The trouble with academics is that they reign supreme in their own particular fields of study, but they more often or not know very little about other fields of knowledge which may overlap with their own…such as economics.

            

             That an intellect such as Professor Pissarides could have ever conceived of such a set- up as the European Single Currency, when it is not beyond the whit of  a moron to understand its many flaws, leaves one flabbergasted. That the politicians should have bought into it is one thing; they were, after all, determined to pursue their utopian vision of a Federal States of Europe; or to give it its proper name, a United States of Europe. They would have bought into the magic bean market if it meant fulfilling some equally dubious venture they had been intent upon completing. For even today they are determined still to save this wretched monopoly currency.

            

              How could so many diverse economies, and, more importantly, cultures, be conscripted into such an homogeneous super state? This is idealism turned rancid. Yet the nation states of Europe are still in the grip of such an 'ideal' and the people of Europe are led by politicians determined at any cost to corral them into such cultural totalitarianism; soon, no doubt, to be completed by a political one.

SIR CHRISTOPHER  has come clean, but it will not stop the process. So determined are European politicians to see this project through to its completion that it matters little to them  the cost that will have to be paid. Like Marxists and Fascists, the  human price is not important for our European leaders - for the means justify the ends.

            

             I will tell you the meaning of a fanatic. It is someone whose solutions have been undermined  by reality -  but concludes that a cure can only be found in upping the dose of the same medicine, as happened when the euro hit the rocks.

            

            This is what the EU proposed following the euro crises. Instead of drawing back, the Eurocrats insisted that Economic and political union should advance faster than previously considered; which is where we stand today. The subtle method of integration (proposed, no doubt, by British politicians for the UK) was no longer workable. The euro crises demanded more of the same medicine, introduced more quickly in order to achieve a full European superstate.

            

           The euro crises has only stimulated the advancement of full political and monetary union among the Europhile fanatics and as usual, it is the people who will once more pay the price for the politician's folly.