Worldview Weekend The eyes of the world are watching as the Euro currency is struggling to stay afloat, and as European nations teeter on the brink of chaos and economic ruin. What will it take to bring the continent out of this mess? The latest scheme, the joint Eurobond â€“ "an all-for-one, one-for-all way of having different countries guarantee each others' debts" â€“ won't cut it in the long run. For the fact remains; 17 nations are bound by a monetary union through the euro, yet they are fiscally diverse. That is, while each of the Euro-system countries use a common currency, their fiscal houses lack unity; each have different spending priorities, tax structures, welfare programs, debt levels, and budgetary requirements. Hence, Germany and France find themselves tied to the economic problems of Italy and Greece through a shared monetary instrument. Yet they are fiscally and culturally separated. The breakup of the Euro and a return to national currencies seems imminent.
But there is another way of looking at this. In my estimation, what we are witnessing is a tug-of-war between the last vestiges of nationalism and independence versus the next phase of continental unification; the European SuperState. The road to stability in this context means more integration, more harmonization, more centralization. It means fiscal standardization through technical management, and the strengthening of the Euro-system along with a corresponding decline in national autonomy. Moreover, if Europe can manage its way out of this crisis through deeper amalgamation (and possible enlargement), then the rest of the world will look at this as a road map to global stability: A New International Economic Order through regional management. Don't be surprised if this eventually includes a new global trading currency based on energy and carbon â€“ an idea to be heavily pursued during international conferences next year. (The December edition of Forcing Change will highlight some of these 2012 meetings).
Therefore, it is important to see the bigger European picture, for this will help with perspective. The rest of this article is a timeline demonstrating an historic panorama â€“ one that frames the common desire of international elites, socialists, communists, fascists, bankers, capitalists, statesmen and politicians. Although the timeline is incomplete, it should suffice in providing a window into continental unification.
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