Armstrong Economics Blog/European Union
Re-Posted Apr 17, 2019 by Martin Armstrong
COMMENT: I had to laugh your comment that the EU pretends to be a happy family but they are still nationalistic no matter what they say. The Dutch bid to buy Air France is just the tip of the iceberg as you say.
Thank you
HS
REPLY: You are absolutely correct. The Dutch government’s bid to buy a stake in Air France-KLM provoked an amazing outrage in Paris from the government. French Economy Minister Bruno Le Maire called it “incomprehensible and unprecedented.” His statement on that issue reveals everything I have been saying about the nonsense going on in Europe. No matter what they say about federalizing Europe, deep down the politicians themselves show the inherent resentment that still lingers and will never die. The EU must abandon this idea that one government will prevent a European war. It is actually encouraging it. It should remain simply as a federation, consolidate the debts, let that be the Eurobond, and then abandon the ECB’s one policy fits all and let each nation function with their own budgets as the states do in the USA.
