A Dangerous development

A dangerous situation is developing in the Capitals of Europe, as un elected “Technocrats” are appointed to form governments of other un elected individuals with the objective of managing the Eurozone financial crisis. This solution originated in Athens following pressure from Berlin and Paris and now, with the demise of Berlusconi, has reached Rome. As the speculators of “The Markets” move against other countries in the Eurozone, how long will it be before Paris, Madrid, Dublin and the other vulnerable members of the Euroclub are forced to appoint these un accountable mandarins to form un elected Governments? The problem with this solution, which strangely enough, is praised and accepted by the “Markets” is that the new Governments are accountable to no one. Elected politicians, whether one agrees with their political position or not, are accountable to the people of the country who do have an influence on who governs them. The “technocrats” on the other hand are accountable to no one and have as their first allegiance, the maintenance and growth of the financial institutions, business and status quo of the market/speculator system who caused this crisis in the first place. There is another, even more sinister aspect to these new “Governments” and those still to be established. How do the people of any given country change the make up of their Government? Is there any means of removing the “Technocrats”, in the event that they determine that the “National Interest” is best served by extending their term of tenure as the “circumstances are not yet right” to hold elections and return to normal political activity. It is not only the reins of economic power that they hold. By definition, as the Government, they are able to carry out all those acts normally in the domain of politicians, but without any checks and balances which, by and large, maintain the democratic structure of a nation.The un elected technocratic clique, can and may, quite easily turn into the appointed dictatorship perpetuating its life for its own and its vested interests at the expense of the people and country it was supposed to rescue. We have seen it all before. The 21st Century could become a fulfilment of the old quotation, “Those who do not learn the lessons of history, are condemned to relive it.”

Financial Crisis Another victim

After days of intense pressure from the EU, the Irish government caves in and agrees to beg for a loan that they (say) they did not want. The EU wrings its hands, arranges another crisis meeting and agrees to grant the Irish request. A complete farce designed it seems to satisfy "the markets" and frighten the "speculators", who will now move to the next target economy and start the whole processes off again.The winners in this act of economic terrorism are again (of course) the Banks and Financial Institutions who created this crisis in the first place, the speculators (who are the same organisations) the "markets" who know how to make a quick profit anywhere, and the EU Governments who support these institutions and try to convince the people who elected them that they are acting in the best interests of their respective countries.
The loosers in this cosy arrangement are (again) the tax payers in each of the contributing countries who will have to find additional Billions of £,s or Euro's to finance the bailout. This is in addition to the Billions already earmarked in additional tax and duties, higher VAT etc and the Billions arising from Government cuts in expenditure.
The EU Governments would do well to contemplate that the "bottomless pit" of tax payers money is not, in fact, bottomless and that public opinion will sooner rather than later, turn against policies which are recognised as devicive, unfair and not for the good of working people and their families or in the interest of wider society generally.

http://www.independent.co.uk/news/world/europe/will-irish-bailout-spark-contagion-2140288.html