Source: SPPI Blog

by Dennis Ambler

The Euro, the creation of a European monetary union, was always to be a tool for moving the countries of the EU towards a closer political union, and ultimately an EU state, to take its place in the UN system, as a regional member of a global government. The EU unelected Socialist Commissars were so desperate for this to happen, that the stringent rules they imposed in terms of national deficit at the time of joining, were paid scant regard and national accounts were fudged to enable countries to join. This was only storing up trouble and now the reckoning has arrived. The French are proposing a 30 year roll over of the Greek debts, so the interest payments would still be made, but the Greek people and their descendants will be working to pay the bankers for their destruction.

I wonder what assets the Greeks will be forced to sell?

What price the Parthenon? (more…)

SPPI Note: Nearly every collectivist idea on the planet now emminates from the EU, primarily the UK.

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Source:  Reuters

A global deal on emissions curbs by airlines struck late on Friday will allow the European Union to press ahead with plans to charge airlines for emissions permits from 2012, the European Commission said on Saturday.

The EU agreed in 2008 that airlines should be included in its emissions trading scheme (ETS), which forces industry to pay for permits for each tonne of carbon dioxide they emit into the atmosphere.

The ETS is the EU’s main tool for combating climate change and it wants to see the system adopted worldwide. Aviation is responsible for some 2 percent of the world’s carbon emissions.

Some U.S. airlines had challenged the EU’s right to include their flights into and out of Europe within the ETS. (more…)