Euro
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 Euro  (currency)   | |
|---|---|
 | |
| Currency of the European Union. |
The Euro is a currency, used by the Eurozone.
Origins
Étienne Davignon, former chairman of the Bilderberg Steering Committee, stated in a 2009 interview that the Bilderberg group "helped create the euro in the 1990s".[1] The succession of Bilderberg insiders appointed to President of the European Monetary Institute and then President of the European Central Bank bears this out.
Allows for economic centralisation.
ECU
A precursor to the Euro was the European Currency Unit, (ECU). It was not a circulating currency and did not replace or override the value of the currency of European Economic Community member countries. However, it was created as a solution to price international financial transactions and capital transfers.[2]
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| Delors committee | “The Delors Committee took on the responsibility of studying and proposing concrete steps toward the objective of a progressive realization of monetary union of the member states of the E.C. Such a union is desirable because it will enable us to take advantage of all the potential of the single market, to deal with uncertainties of rates of exchange, and to reduce costs. The Delors Committee did not set out to do an academic study but to respond to the very precise terms of reference of the Council of Ministers. The definition of monetary union chosen by the committee was the definition of the Werner Report of 1970, which said that monetary union was characterized by the total convertibility of the currencies, by free movement of capital, and by certain exchange rates that are irreversibly fixed.” | 1989 | |
| Jean-Claude Juncker | “We decide something, then put it in the air and wait a while to see what happens. If there is no great shouting and no uprisings, because most people do not even understand what has been decided, then we will continue - step by step, until there is no turning back.” | Jean-Claude Juncker | 1999 |
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Behind the Greek Debt | article | 7 July 2015 | Thierry Meyssan | The geoplitics underlying what is presented as a crisis of national indebtedness |
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