The Great Euro Swindle

The Telegraph has carried an article entitled "The Great Euro Swindle" by Peter Oborne and Frances Weaver who have written a book on the subject (Guilty Men) from which the article is excerpted. They ask a good question, which is why those who have backed the unraveling euro – especially Europe's and Britain's leaders – are not exposed to more criticism and professional and personal ramifications from what has occurred.

One might think, given the extent of the disaster and the chaos it is causing, that there would more of an outcry to examine who was really behind the thing. In fact, as the euro and perhaps the EU continue to crumble, there will be attempts made to hold people accountable. But I will state for the record that these attempts will not be complete. Somebody, or perhaps several, will "take the fall" for everyone else. Oborne and Weaver, despite their evident sincerity, are seemingly feeding into this meme.

Unfortunately, from what I can tell, as furious as they apparently are, they are not willing to extend the blame to those who truly need to be held accountable. Instead, they are focused on what might be termed the "enablers" – those who carried out EU and euro policies and backed them but were not responsible for the concept itself, or its realization.

This is an old game. The Anglosphere power elite – a group of impossibly wealthy families that control the world'scentral banks – is evidently and obviously responsible for much of what has gone wrong. But as the Euro project continues its decline, we will no doubt find blame is being laid elsewhere ... on highly placed functionaries. Of course it's important, nonetheless, and a contribution to how things work. So let's review them before returning to our main thesis.

The first example is the Financial Times.