‘Euro, unworkable currency in EU’

Press TV has conducted an interview with Alfred Lambremont Webre, international lawyer from Vancouver, about the economic woes in Europe.

The following is an approximate transcript of the interview.

Press TV: Just where is the austerity drive going to take the people of Europe — some say it’s “debtland”?

Webre: Yes, these are structural matters that were predicted when the European Union started because the European Union was actually started by those very parties that started the Bilderberg Group including the Dutch monarchy and the city of London bankers, the Rothschilds. This is all about taking away individual sovereignty from nations and bringing them under the cover of an unworkable currency which is the euro.

Thus we have the case of Cyprus, Greece now Portugal, Spain and now Italy making all of these failed states. The European Union is a mechanism for making failed states and that’s why the UK is putting up for a vote to pull out of the European Union.

Press TV: In spite of all the problems gripping Europe, when is it time for European governments to change their financial policies, if at all?

Webre: The problem here is that the European Union, it’s structure, has taken all the sovereignty away from the individual nations, but it hasn’t given them any constitutional rights in how the European government is run. It’s essentially controlled by the large banks. There are no powers in the legislature.

I recently reviewed both the European Commission Statute and the European Parliament’s Statute and they are very authoritarian institutions, the exact opposite of what the individual sovereign European nations need at this time.