Co-operation and trading on mutually beneficial terms are things we should preserve. The march towards standardisation and one size fits all solutions for a vastly disparate continent must come to an end, however. We cannot continue to sacrifice the prospects of Europe's young on the altar of this failing political experiment.
The Greek response to the huge challenge of austerity has been courageous and heartening. Because information is power, resistance to austerity has also materialised in the shape of a 'Truth Committee on Public Debt' set up in response to mounting economic challenges in Greece. Greeks aren't alone in facing damaging cutbacks. In Britain austerity is biting - and the Autumn Statement is set to bring with it a new round of cuts that even Tory councils are opposing. In the face of a continued Government obsession with the rolling back of the state I believe it's time Britain had a Committee on Debt Truth of our own.
The eurozone is banking on a weak euro and strong global growth to boost exports and inflation and offset the weakness of
It is time for the EU to be brave. Greek tensions may be simmering under the surface for now, but the EU should pursue a policy of debt relief and take decisive action before the Greeks once again teeter too close to a Grexit. It's in everybody's best interests for the EU to be strong, and further prolonging Greek suffering is not conducive to a happy union.
The German government is on course to destroy Europe with its attempts to impose austerity across the continent, a leading
It is patently clear that the eurozone has been a disaster, and consequently that if Greece wants to end its humanitarian crisis, it should vote no in the Sunday referendum, leave the eurozone, and reissue the drachma. What is perhaps less obvious, but nonetheless true, is that Germany should also follow this path and leave the eurozone and reissue the D-mark.
However Greece Has Voted Today, This Crisis Is Not Over - Yet the Government Is Letting Britain's Interests Down
A no vote will create a full blown Euro crisis affecting currency stability, European and British markets. A yes vote won't solve the problems as there is still no sustainable deal between the Eurozone and Greece on the table. Britain will be affected either way... So why then are George Osborne and David Cameron doing so little to try and broker a solution or help Europe steer a course through the crisis?
European finance ministers rejected pleas from Athens for an extension to the bailout on Saturday, heightening fears the
Spring brought a burst of sunshine over the eurozone economy. The French economy expanded rapidly in the first quarter of 2015 and even the Italian one managed respectable growth. Fiscal policy is no longer contractionary across the eurozone as a whole. Cheaper oil is boosting consumption. A weaker euro is boosting exports. And the ECB's quantitative easing appears to be working: money supply growth is picking up, suggesting deflationary pressures are easing.
If there's anything to be learned from recent years, it is that, in fact, and contrary to what is bandied about, Europe is moving ahead much faster than we think. Six years of economic crisis has turned things around, often in irreversible ways, and we can expect even more progress in the coming months. Let me give three examples.