Greece is in serious financial trouble, thanks in no small part to Goldman Sachs, and is hoping for a bailout not from within, but rather from its European Union partner nations – causing an uproar throughout Europe and the Western World in general. This has many implications, most of them obvious, but for one specific reason that has been conveniently ignored thus far: the possible evolution of the EU into a stronger body than just a set of economic and policy agreements between neighboring nations.
One of the central tenets of the EU was the euro, a central currency to make trading between nations much simpler, and even though it hasn’t yet become the singular currency for all nations, it’s become the dominant currency for a large swath of Western Europe. For the first attempt at a multinational currency among nations that haven’t historically always been friendly to each other, to say that the euro has been a success would be an understatement – especially since there is no central bank to regulate it. However, Greece appearing to stand on the brink of collapse has underlined some serious problems with the system, such as their views toward internal economic policy, that need to be addressed in order to further prosper.
All of this comes at a time when talk was beginning of expanding the EU’s power of control and legislation within its member nations, in the name of greater prosperity for the whole, which would essentially be the prelude to a substantially more interconnected government. If the European Union becomes not a group of nations that adhere to certain economic and trade policies, but instead a federation of nation-states that bow to the rule of a greater governing body, that, truly, would be the formation of a government the likes of which has not been seen previously – at least without bloodshed. Given recent events, it is only logical to assume that the EU will now be forced into greater action, so as to protect its currency and very existence, and become considerably more interested in the financial status of their members, especially in terms of other policies or action that would have any bearing whatsoever on general stability.
In the event that the European Union does extend its tendrils of control further into those who created it, not necessarily of evil import, the next decade could be extremely interesting geopolitically. One-world governments have been predicted by people of all sorts for decades, and the current Grecofinancial crisis may indeed turn the first experiment at large-scale fiduciary cooperation into the world’s first peaceful pan-nation government, setting the tone for an even more daring attempt at a truly Western one-world government.
All of this, of course, depends on the outcome of the Grecodisaster and the behavior of the EU in the ensuing years.
From Kyle Brady…
Kyle can be found on his blog, via email, or on Twitter.
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