The Great Deception (Part 2)

The rise of the European Union

[Note: This is an essay inspired by the book “The Great Deception”. What set out to be a review became an essay in its own right. My review opinion is here.

The Great DeceptionIf you want to understand EU, read this book.

Now for the second part of the essay:

Moving into the second part of The Great Deception, we have to go back a bit, to the Exchange Rate Mechanism (ERM) and related treaties. First, note the use of the innocent-looking word ‘mechanism’ for something with profound economical and political consequences. The truth, of course, is that this was no mere ‘mechanism’, but a fully-fledged currency union, a project that, as a matter of cause, sets billions at stake. And the precursor to the Euro, too, a project of even greater significance. Læs resten