"The idea of a “Unified Europe” is neither good nor bad. It depends on whether the union is built on basic priciples of equality and justice. And, have those principles been manifest in the policies implemented by the ECB or the Eurogroup so far?
Hell, no! Since the onset of the crisis in 2008, the ECB and its Euroflunkies have acted exclusively in the interests of big finance, supporting every initiative to inflate the price of sovereign bonds to prevent the banks from losing money, while–at the same time–imposing the harshest punitive “belt-tightening” measures imaginable on the debt-plagued countries in the South. Not once has ECB chief Jean-Claude Trichet veered from his hardline approach or pushed stimulative remedies that would ease conditions for working people. Every policy has been tailored to save deep-pocket bondholders and high-stakes speculators from losing money on their bad bets.
Is this the type of union that ordinary working people should stand behind?"
Read : http://www.counterpunch.org/2011/09/12/eurozone-at-death%e2%80%99s-door/.
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