Most of the European National Parliaments, as well as that of the EU, will close shortly for a well earned Holiday. At last our elected and "appointed" politicians can get away from their chores.
For some this will be the chance to spend more time with their families and friends. For others this will be the chance to go on expenses paid Fact Finding Missions to one of many exotic locations to find ways to improve the living conditions for their electors.
Something electors could ask themselves is "How many local MPs in their area could they name ? Also, what is the Name of their MEP who represents them in the EU Parliament " ?
The reality of political life in the EU will quickly return after September 22. Then a General Election in Germany will reveal if Merkel has been re-elected and also if she has managed to keep her position as Chancellor with the help of a coalition.
That there will be no changes in EUROZONE politics concerning the future management of the EURO is, in the opinion of this Blog, not at all certain.
How long can Germany continue to underwrite financially the EURO by averting the Bankruptcy of EUROZONE countries ? How long will German electors be prepared to back such a Policy ?
The countries in the EUROZONE or even in the EU, are not like the States in the USA. EU countries generally want to protect their National Traditions and ways of life. Their aim in the EU is to profit from what they can get.
They are so heterogenic, or widely different, that they do not want to adopt all the mandatory EU principles in all their walks of life. They also want control of their local currency and even have the right to devalue when necessary, which was the rule before the EURO was adopted.
The last quarter of 2013 risks being turbulent !
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