quinta-feira, 9 de junho de 2005

The origin and growth of the EU government: financial irresponsibility

Nota: o que faz sentido, a participaçao de Portugal na UE (e o EUro) induziu a que os custos estruturais do Estado pudessem subir exponencialmente, protegidos pelo Euro (a taxa cambial do escudo servia como indicador da irresponsabilidade), subsidios e credibilidade acrescida (aind que temporaria).

Ou seja, em vez de ter funcionado como um veiculo de responsabilidade, induziu a tornar ainda mais possivel a irresponsabilidade.

"(...) the origin and growth of the EU government can be found in regime financial irresponsibility:

The case of the European Union is an excellent illustration of a central institution that helps to reduce the co-ordination costs of several highly indebted—and contagion-threatened—governments. In the European Union, some states—Belgium, Italy, and Greece—are virtually bankrupt. Other states, including Austria, Portugal, Ireland, Spain, and Sweden, are on the wave of becoming so, and the rest is not much better.20 In other terms, more and more members of the European Union need to be bailed out.21 It will not take a very long time before no private investor will give them new credits. As the governments know this, they have started to become serious in their bargains with other governments. This has accelerated the negotiations leading to the reinforcement of the central bureaucracy in Brussels. Most of the governments became more interested in a coordination of their financial and economic policies. They needed an instrument to facilitate the complicated multi-lateral bargain. Of course, the European Commission was glad to step in. Now, it is our governments’ servant. In the future, it could be their master." The Progression Theorem and the EU Jeffrey Tucker

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