I’m worried about the EURO’s M3 if a European version of the IMF (a EMF) is to be installed.
Nonetheless, I think the European community should do it just to strengthen Europe’s economy. I’m not satisfied by Europe’s economic strength: I want it to be undefeatable.
We must not let the IMF solve our problems. Europe might be a political dwarf, but we Europeans should show that we will solve our own problems. We’re an adult composition of cultures with vast amounts of experience. We know how to solve any imaginable problem. And let’s not, in our defeatism, pretend we don’t.
A EMF is a commitment to future member states: Europe often asks them fundamental changes; economic strength is what Europe offers in return. This needs to come at a highest price: Greece will have to fix their deficit problem. Even if their entire population goes on strike. Greece will be an example for countries like my own: Belgium has to fix a serious deficit problem, too.
An EMF comes at an equally high price, and that frightens me a bit: I don’t want the ECB to go as ballistic on money creation as the FED has been last two years. I want the EURO to be the strongest relevant currency mankind has ever created. No matter how insane the rest of the world thinks that ambition is: I believe that keeping the EURO’s M3 in check is a key to creating a wealthy society in Europe.
Politically I want European nations to negotiate more and more often. The European Union is a political dwarf only because finding agreement is hard. But in the long run will our solution be the most negotiated, most tested on this planet.
Together we can deal with anything. That doesn’t mean it’ll be easy; it has never been easy: just seventy years ago we were still killing each other. We’re all guilty of that one way or another. And before that it wasn’t any better. Today, not that many people still care: “it wasn’t me”, right? So stop being a bitch about it, then.
It’s time to let it be. It’s time to start a new European century that will be better. With respect for all European cultures, languages, nations, nationalities, values, borders and interests.
But also a European century with economic responsibilities for each member. It’s our strength: we figured out how to keep our population wealthy: let’s continue doing so in the future.