{"id":34601,"date":"2018-05-30T06:01:05","date_gmt":"2018-05-30T11:01:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=34601"},"modified":"2018-05-30T06:01:05","modified_gmt":"2018-05-30T11:01:05","slug":"hotel-europa","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=34601","title":{"rendered":"Hotel Europa"},"content":{"rendered":"
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Hotel Europa<\/a><\/h3>\n<\/div>\n<\/header>\n
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Theodoor Rombouts( 1597-1637) Prometheus <\/b><\/center> <\/p>\n

On Friday, in This is the End of the Euro<\/a>, I said: The euro has become a cage, a prison for the poorer brethren<\/i>. The finance minister proposed by 5-Star\/Lega and refused by Italian president Mattarella, Paolo Savona, has called the euro a German cage.<\/p>\n

There are now stories spreading that the coalition, Savona first of all, were secretly planning an exit from the euro. A series of slides Savona prepared in 2015 on how to exit the euro is used as evidence of that secret plan. But the slides are not secret. Yes, he has said that it\u2019s good to have a plan to leave \u2018if necessary\u2019. But that\u2019s not the same as secretly planning such a move.<\/p>\n

Every country should have such a plan, and you would hope they do. A government that doesn\u2019t is being very irresponsible. But it\u2019s true, this is how both the EU and the euro have been designed: not just as a prison, but as a prison without any doors or windows. No way to get out. And that will prove to be its fatal flaw.<\/p>\n

It has more such flaws, for sure. The inequality of its members, which allows for the richer to feed on the poorer, is a big one. The US founders were smart enough to provide for transfer payments from rich to poorer, the EU founders couldn\u2019t be bothered with that lesson. They must have studied it, though, and rejected it.<\/p>\n

Credit were credit\u2019s due: Yanis Varoufakis said it best when he compared the EU to the Eagles\u2019 Hotel California. A few lines:<\/p>\n

Mirrors on the ceiling
\nThe pink champagne on ice
\nAnd she said \u201cWe are all just prisoners here, of our own device\u201d
\nAnd in the master\u2019s chambers
\nThey gathered for the feast
\nThey stab it with their steely knives
\nBut they just can\u2019t kill the beast<\/i><\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n

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Hotel Europa Theodoor Rombouts( 1597-1637) Prometheus   On Friday, in This is the End of the Euro, I said: The euro has become a cage, a prison for the poorer brethren. The finance minister proposed by 5-Star\/Lega and refused by Italian president Mattarella, Paolo Savona, has called the euro a German cage. There are now […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5,6],"tags":[95,279,20268,20269,1464,20270,20271,6066,6419,20272,13924,20273,5177,20274,3138],"class_list":["post-34601","post","type-post","status-publish","format-standard","hentry","category-geopolitics","category-liberty","tag-brussels","tag-eu","tag-founders","tag-hotel-california","tag-italy","tag-m5s","tag-naked-emperor","tag-panic","tag-prison","tag-prometheus","tag-raul-ilargi-meijer","tag-savona","tag-the-automatic-earth","tag-turmoil","tag-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34601"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34601\/revisions"}],"predecessor-version":[{"id":34602,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34601\/revisions\/34602"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}