From Euro to Union: The Launch of the New European Currency Is Just One Step in a Decades-Long Journey to Submerge the Once-Proud States of Europe in a Continental Government. (Europe)

By Jasper, William F. | The New American, January 28, 2002 | Go to article overview

From Euro to Union: The Launch of the New European Currency Is Just One Step in a Decades-Long Journey to Submerge the Once-Proud States of Europe in a Continental Government. (Europe)


Jasper, William F., The New American


The U.S. and European media heralded the New Year's Day launch of Europe's new euro currency as a glorious event. Images of smiling, joyous consumers admiring and handling the new currency notes and coins dominated news coverage of the changeover, along with running commentary on the many supposed benefits of the new money: ease of cross-border travel and trade; greater business efficiency; economic stability; and greater competitiveness against the dollar.

Snafus, confusion, and long lines at stores, banks, and highway toll booths were reported in some areas, and stories conceded a wistful nostalgia on the part of many citizens at the passing of their native currencies. Overall, however, the changeover to the euro was proclaimed a roaring success. The Wall Street Journal joined the europhoria, declaring "It's official -- the euro is an overwhelming hit."

Political Weapon

Almost completely lost amidst the euro hype and hoopla, though, was the real story, a bombshell dropped by former Italian Prime Minister Romano Prodi, now president of the European Commission, the most powerful political office in the European Union (EU). In a statement he made the day after the euro launch, Mr. Prodi inadvertently admitted what the most ardent critics of the EU have long charged: EU authorities in Brussels and Frankfurt will wield the euro as another political weapon to destroy the sovereignty of the individual EU member states.

"Two days ago, on January 2nd, Mr. Prodi made an astounding admission, stating that the launch of the new retail euro currency is 'not economic ... this is a purely political process,'" British journalist and financial expert Christopher Story said in a January 4th telephone interview with THE NEW AMERICAN. Story is publisher of the prestigious, London-based World Reports, Limited, and author of the explosive new book, The European Collective.

Prodi's admission flew in the face of what was said previously. Story had trouble containing his outrage:

With this previously unremarked honesty, Prodi thereby destroyed with that single comment all the spurious economic and monetary pretensions that had accompanied the prolonged gestation of the euro, making retrospective fools of finance and economy ministers, central bank governors, prime ministers, presidents, an other liars who had contend publicly that the introduction of the euro was necessary in order to make it easier for tourists and businessmen to conduct trans-European transactions. In other words, the moment they launch the blood thing, the moment it's a total fait accompli, they turn around and say its not economic, it's never been economic, it s a purely political process. Now, there are many like myself who have been warning for years that this is precisely what the European Monetary Union [EMU] and euro currency are all about - purely about -- political power. But no one in authority, i.e., Ton Blair, has admitted this befor. Prodi, after all, is the very op man in the European collective and he 's admitting that his is purely political, which means everybody else -- prime ministers, finance ministers, other officials, etc. - have been lying through their bloody teeth.

This fact was not lost on Hilaire du Berrier, the premier "Euroskeptic" (and longtime contributing editor to THE NEW AMERICAN and its predecessors American Opinion and The Review Of The News), who has been exposing the sinister forces and agenda behind the pan-European movement for four decades in his authoritative HduB Reports newsletter. "Notwithstanding all of the glowing media reports and politicians' statements to the contrary, January 1st was a tragic, sad day for Europe," Mr. du Berrier told THE NEW AMERICAN in a telephone interview from his home in Monte Carlo. "In surrendering their currencies for the euro, the peoples of Europe have unwittingly stepped inside a gilded cage and they will soon learn that the Eurocrats in Brussels and the bankers at the European Central Bank are very cruel masters. …

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