As the pound starts another plummeting dive into the nether regions of the financeophere, I have to wonder how much longer the institutionalised insanity of politicians in Spain will be allowed to drag the country below subsistence level.
The crazy notion from Brussels that you can heal an economy by starving it of cash flow is causing ncredible pain all through Europe but in a small country like Spain, the damage being done is reaching irreparable levels.
Admittedly the endemic corruption that plagues Spain does not help. Do we really need an extra 17 parliaments with their own presidents, MPs and agendas? The autonomous regions of Spain are out of control and need to be reined in but this will never happen with a weak and indecisive national government.
Europe is clearly divided into the rich north and the poor south – it has always been so but now that division is militating against any chance Spain has of capitalising on her wealth. The time has come, before Britain leaves the European Union, for Spain to grasp the nettle and withdraw and revert to the peseta. She should default on the huge paper debts that have been created by the squandermongers in the European Parliament by their destructive, ill-informed and ill-advised financial policies and take advantage of the fact that she has a wealth of building land and a large labour pool ready to go to work for anybody with the sense to employ them.
A strong national president has to be able to remove the destructive powers of the parliaments of the autonomous regions and reduce them to administrative centres (in much the same way as the county councils work in England).
The bureaucracy has to be brought under control so that it is not a life time’s job simply to open a corner shop.
The way official financial affairs work has to be seriously investigated so that the present “open house” system in which bribery and corruption are expected by the vast majority of Spaniards can be closed down.
There is no doubt at all that, compared with the problems of Spain, the European Union is in dire straits. Nobody seems to have an over-view of exactly what is happening and far too many positions in the European Parliament are treated like grace and favour appointments for the friends of friends who would be unemployable in any other capacity. The financial situation is totally missmanaged by incompetents and the level of “leakage” must be far greater than that of Spain. This, above all else is the reason that the majority of British citizens are expected to vote for withdrawal.
The admission of more eastern European countries is an indication of the danger that continued membership of the EU is going to be bad for Spain. Already it is expected that Spain will soon become a net contributor to the EU financial black hole (although where she is supposed to get the money from is open to conjecture) but the withdrawal of Britain would leave a huge hole in the EU finances and probably bring about the collapse that is being staved off now by the imprudent application of sticking plasters.
Spain does not want to be a member when that day dawns.
An independent Spain with an independent currency could start to compete in the world of commerce relatively quickly and easily. The shackles of the EU, especially the lunatic financial policy of bailing out banks rather than see them collapse as the result of their own greed and lack of regulation must be cast off. It is nothing short of criminal to expect the population to live off the crumbs they can afford after EU mandated tax increases have massively depleted their buying power.
Britain has nothing to gain by remaining in the EU but Spain has much to gain by leaving.