Referendum on the Euro

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The opinion poll "L'Italia deve uscire dall'Euro" {Italy has to leave the Euro} has seen the triumph of the euro sceptics. Out of 20,176 responses, 11,352 said YES, equivalent to 56.68% and 8,676 said NO, equivalent to 43.32%. a good 10,608 explained the reasons for their vote. “Una Summa dell'Euro”. Anyone with time to read them can get a complete view, perhaps after dinner to digest the new taxes. I’m reporting three reasons in favour of an exit from the Euro and three reasons in favour of staying in the Euro.

EURO NO
1 – Since a radical change in the economic scenario is inevitable, having our own currency means that it is possible to control our economy. Otherwise we will be phagocytised and sold off. Since we have to land up in misery, we may as well end up there as owners of our own stuff. … And then, it’s useless to keep alive a system that is anyway destined to end
2 – To get back control of our monetary policy. The exit from the Euro has to be accompanied by the introduction of a national currency created without debt: the State, not the banks, creates money and uses it to pay salaries to public employees and accepts it for the payment of taxes. This would guarantee that the new currency keeps its value. For greater detail on the strategy to exit the Euro I suggest this link http://smarttaxes.org/2011/11/22/moslerpilkington-a-credible-eurozone-exit-plan/
3 – Because in the ten years after the introduction of the single currency we have made the situation worse, certainly with the interest rates that the Euro has offered it has been easier to get into debt, however by getting into debt it’s not as though that much is resolved …without mentioning then the lack of purchasing power of the banknotes. In certain cases the cost of living has actually doubled in relation to the old lira, in fact those that haven’t entered the Euro have done better than those in the single currency (look at Sweden, Poland, Denmark and Norway). Certainly the fault is not all in the Euro because in the last ten years, we have seen production from countries that we hardly ever heard mentioned, like China and India, and for this reason, the cost of raw materials has shot up to the sky (like oil and its by-products, but also wheat, rice etc. )

EURO YES
1 – It’s not Italy that has to leave the Euro, but the Europe of the Euro that has to pay for its errors. Europe has to settle its debts with a patrimonial tax of 1-2% on banking transactions and on bank capitalisation. The banks that have caused the problem have to pay for what they have allowed to happen and with them all the accommodating politicians.
2 –It’s not wise to throw away the baby with the bath water. The problem is not the Euro itself, but the failure to complete the unification of the economies and the European economic policies. Three things are still necessary: a common economic policy, a common foreign policy and a real federal central bank that prints money and that does everything done by central banks. I don’t want to renounce the Euro: it’s convenient throughout the world and it’s useful for stabilising inflation and to defend the purchasing power of the families of wage earners. When a currency is subject to inflation, the wage earners pay the price and the exporting companies rake in the benefits
3 – It would be a catastrophe: we would lose the stability of the currency. Our currency would be devalued and we would in fact return to the period immediately after the war and without a Marshall Plan. Leaving the Euro is suicide: we could look forward to thirty years of Argentina and then who knows … we would probably be phagocytised before that by our neighbours. The solution is to stay in the Euro, to send home the incompetent politicians that have brought us to this condition and save the Euro and Europe by aiming at having not Eurobonds but a truly United Europe, with a truly united tax system, government and economy.

The games about the Euro are being carried on above the heads of the people of Europe. The referendum on the Euro in Greece has disappeared from one day to the next and the premier Papandreou who proposed that, has been put outside the door without even a week’s notice.
A referendum on the Euro would make it possible for Italians to weigh up the reasons for YES and for NO, both of which are legitimate, and not to leave in the hands of others, the decision on our own destiny.
Today’s opinion poll is "Referendum sull'Euro" {Referendum on the Euro}. Vote and give your reasons.

Look at the results

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Posted by Beppe Grillo at 05:33 PM in | Comments (3) | Comments in Italian (translated) Post a comment | Sign up | Send to a friend | | GrilloNews | listen_it_it.gifListen |
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Comments

Reverting the euro is like washing off a stain by scrubbing your shadow.

Why doesn't anyone mention the fact that together with the euro all arrangements of bottom- and ceiling prices were nullified, so that "the free market" would take over, but all we saw was 'increasing returns' of self-organized critical structures of regional-based oligopolies?

Another thing.. why doesn't anyone mention the world's derivatives market, which this year reached a value of €1 quadrillion, and a trade value of about nearly €4 quadrillion.. This is financial trades on investments on investments, worth about 80 times the total GDP of all the world's countries together.

This means that all the trade of a year in Italy, all the food that is bought, all the pensions, all the taxes, all the lost inventions, bad wages, all 'black money' and drugs trade, everything that is going on, all the lies that Berlusconi tries to believe in, everything together for a full year, all that value is only worth 3 hours and 9 minutes of trade on the global derivatives market of 2011. Maybe next year it is going to be worth 2 hours, maybe less.

Posted by: Paul | December 3, 2011 06:17 PM


What a scam! Scare tactics, just like they did in America when they gave the Banks trillions of dollars to 'save the system'! Never mind that it isn't a system worth saving -- it was a lie from start to finish, and the same is true of the current fear campaign being conducted by the corporate-owned media. Why in the world is Grillo falling for this shit? The banks will decide the issue after they have bilked the Europeans out of trillions of euros; the system will have been miraculously saved, the euro will be stabilized and the speculators (who are mainly these same heroic bankers) will look elsewhere to steal. The real crisis is the gullibility of the fools known as citizens for continuing to fall for the same old crap over and over.

Posted by: peppino vallesi | December 2, 2011 04:23 AM


So long as Governments and Europe's nations continue to act in national interests only of course it will be impossible to resolve the problems. However the crisis remains a financial crisis caused by the banks who might be happy to a return to separate currencies which earns them a great deal of money for currency dealing.
But as the title of the book says we are indeed in the third world war; a conflict not between nation states but the haves - the 1% privileged elite - and the have nots - the 99% who represent the people. This is evident from the power the banks and markets hold thanks to the billions of our money which Governements have handed them as well as allowing them to shift the funds into tax havens where the 1% can avoid paying their share of tax. Naturally they do not want to give all this up but they have no choice if they want to avoid a total economic collapse and unprecedented civil unrest

Posted by: peter fieldman | December 1, 2011 06:25 PM


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