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2011-06-23

Eurobonds, bondage och Vägen till träldom enligt Hayek

E-bonds would end the crisis

By Jean-Claude Juncker and Giulio Tremonti
Published: December 5 2010 
 http://www.ft.com/cms/s/0/540d41c2-009f-11e0-aa29-00144feab49a.html#ixzz1Q4ayJHDK

 

Letters to the editor, Financial Times, December 9 2010


From Mr Rolf Englund.

Sir, European sovereign bonds, called E-bonds, would end the crisis, according to Jean-Claude Juncker and Giulio Tremonti (Comment, December 6). In fact it would be a step, hard to reverse, on the road to something that many would call a fiscal union federal superstate. 


There we would end up in a state of European bondage.

Google translates bondage to a Swedish word that in English is “serfdom”. So maybe we are on The Road to Serfdom, after all.

Rolf Englund, Director, IntCom, Stockholm, Sweden



http://www.nejtillemu.com/englundcloser0506.htm#bondage


The Economist:
Sharing budgetary resources, either through direct transfers or through the issue of “E-bonds” underwritten by the euro area’s taxpayers, is anathema in Germany, where the notion of a “transfer union” in which the better-off subsidise the worse-off is political poison, not least because of the vast transfers from western to eastern Germany since reunification.

Northern taxpayers would also recoil from the idea of a future “ministry of finance of the union” which Mr Trichet recently floated. 

The Economist, June 16th 2011

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