The Tragedy of the Euro and its Union

I am an adamant believer in increasing economic development and

free trade opportunities to improve the security and welfare of
the United States. I believe that every country should do
everything in their power to make their nation better
economically. Free Trade and Economic Deregulation provides a
variety of support to this development and growth of your
country’s economy. But every country, should always put
themselves and their people first. And this principle applies to
the United States, as well.

What I just said sounds very capitalistic and patriotic. But

this a patriotic point of view, that contradicts America’s
investments in the European Union. So, what I am to tell you now
is definitely going to shock you. The United States needs to save
the Euro and prevent the collapse of the European Union. This is
if, they want to protect and save the global market that they
created.

The United States is the largest funder, donor, and protector of

the European Union. We provide the most foreign aid to every
unstable EU nation including: Greece, Italy, and Spain. We do
this to ensure that the Euro and the entire European World
Economy does not fall into economic slant. Plus, all European
financial transactions take place through the Dollar backed Euro,
and millions of US Dollars promote the protection of European
Banks and Commerce. All of the credit and the European interest
rates are built around the stability of the European Union. If
the European Union collapses, the millions of American Public
and Private Investments go down the drain. Because the thread
keeping the European member nations’ economies alive is the
currency value of the Euro. With millions of past and present
investments tying the US Economy to the Euro, its stability is
always under jeopardy. From Greece’s Austerity Program to save
its dwindling economy to Italy’s Banks on verge of Economic
Collapse, the currency value of the Euro is always under
jeopardy. And to make matters worse, if the stronger European
nations and the United States don’t contribute enough funds, it
can harm Europe as a whole. Everything that I just said sounds
so morbid, and to be honest it is.

Under the Marshall Plan, after World War II, we spent $13 billion
dollars (around $110 billion dollars in the modern day) into re-
building Europe and developing its economies. Since then, we
have been the largest foreign aid contributor in both struggling
and developing countries in the world. We have invested
trillions, so we cannot let our investment go to waste. And now,
we continue to provide funds to protect and keep the Euro’s value
alive.

The reason the European Union and later the Euro were created
was because it creates a more profitable economic bloc.
Individual countries in Europe push to increase their economic
influence on the global stage. And the European Union, allows
small nations like Slovenia and the Czech Republic to have a
competitive economy. Many of these Eastern European countries
were decentralized and isolated from the Free Market Economy
because they were thrusted into the Soviet Bloc. And the European
Union has allowed these countries to increase their importing of
good, which they don’t have. Along with this, it can allow for
the exporting of products, which they can sell on the global
market.

Also prior to the creation of the European Union, all of these

European nations would fight with one another all the time. The
British, French, Spanish, and Germans have a history of fighting
and rivalries. But the creation of the EU has solidified
relations and brought these countries closer together through
Free Trade. With their economies interconnected, these countries
have expanded their economic base and established peaceful
relations. They are many more benefits for peace, because their
economies are interconnected through their currency. At the same
time, the notion of lost patriotism and less control is also
real. This is not ideal in any way and prevents each member
country from having full superiority over its internal affairs.
And, this desperately needs to be reformed. The European
Commission, whose election is not absolutely transparent, wields
the most influence and power.

Each of the sovereign nations have to give into the supervision

of the Commission. And the biggest problem is the EU law holds a
higher standard, than these countries individual laws.
To add to the sovereignty issue, these nations have no control
over their borders. Under the EU mandate, all European countries
have free borders. This makes travel easier, which can be both
good and bad. With free borders and no background checks, there
can be increased trade and economic commerce. The consumer base
and the economic market is both larger and more profitable for
all countries in the bloc. But at the same time, with ISIS and
other international terrorist groups, it allows them to have an
increased ability to commit their nefarious actions. This can be
seen through the recent Paris bombings and the London stabbings.

Immigration being easier has its pros and cons. Either way, it
makes more sense to allow the individual countries to have the
ability to control their own borders. Yet with any changes to
the European Economy, there is a higher likelihood for economic
decline. The European Banks and Financial Sectors have a large
amount of American taxpayer funding, to ensure their stability.
And any rapid profound changes to the European Union, can result
in a global meltdown for both the United States and Europe
altogether.

There is no solution to this problem. Brexit has had a negative

impact on the British economy and hurt the stability of the
European Union as a whole. Since Brexit, the value of both the
Pound and the Euro has dropped significantly and future of the
European markets has become more uncertain.

But many of these countries are right to argue about increased

sovereignty. Marine La Pen and Nigel Farage fought for their
individual countries to have security and control over their
countries. How would we like if an outside power like the United
Nations controlled America? But at the same time, these
nationalistic virtues can harm the global economy as a whole.

With the rise of the Far Right in Germany and France, the
instability of the Euro and the EU beckons. And with Socialists
like Jeremy Corbin and Andrea Nahles, whose polices are less
capitalistic and much more dubious, the European Union becomes
more and more shallow. I fear that either far left or far right,
there is a higher probability that the global economy will be
hit. So, there is no right answer. But personally, I feel that
if America has invested trillions of dollars into something,
then they should make every effort to protect their investment.

Overall, even if the regulations of the European Union defy the

core values of the United States, we need to protect our
domestic and global financial market.