@Walter Hinteler,
Congratulations on having such an impressive and proud heritage as nothing could stand in the way of the Anglo-Saxons and their special unit called Household troops who were far superior to the Viking Berserker troops. Although the Vikings were the supreme navigators (so you may have some of their genes too).
Meanwhile back in euro fantasy land, Christine Lagarde a French politician and President of the European Central Bank, (despite being found guilty by a French court on charges of negligence. No penalty was imposed!) There must be more 'Presidents' in the Eww than my dawg has flees.
Anyhoo, she now has plans to launch a digital euro - The central bank has yet to set out detailed proposals for the way this digital euro would work, but transactions could either be administered centrally by Frankfurt, or through the wider banking and payments system.
So the EZ won't need any commercial banks then, will it?
EZ citizens can all use just use the one centralised bank, which will be safer than any number of Banco Monte dei Paschi di Siena, or even Deutche Bank.
Hmmm. Can you see the money men allowing that to happen? No, nor I. Central control for plebs, but not for Lagarde's Elite.
After all, what ever happened to Lagarde's List? You know, the one given to her in 2011 listing 1,991 wealthy offshore tax evaders. The one where she 'lost' the disc with the details on!!!
How well has Lagarde (who is, herself, paid tax-free) been as a monetary guardian so far?
Doesn't inspire confidence in The EU Elite does it?
No, I'd rather go back to the gold standard, thank you.
Today I can testify to the effectiveness of lalochezia after reading that Brussels will refuse the City of London access to the EU's market from next year unless the UK sets out its plans to diverge from the bloc's financial rules.
Mairead McGuinness, an Irish centre-right MEP, is the candidate to be the EU's financial services commissioner. If approved by the European Parliament – which is expected – she will be the City's gatekeeper to the Single Market.
The Fine Gael politician and former member of the parliament's Brexit Steering Group, told MEPs at a hearing into her candidacy that Brussels needed answers from the UK.
That only leaves a little matter of without access to the City how are EU banks and companies going to secure 80% of their funding requirements?
Basic questions remain about who acts as the lender of last resort for Euro based loans and bonds should a major financial shock hit the system. No single government sits as surety; nor is there an agreed federal pooling of resources to meet a world wide financial shock.
The Wirecard collapse has prompted the City of London to revisit the question. It took City investigative journalism to uncover the €1.9 billion hole in the balance sheet of now collapsed German payments company. The EU authorities there had no idea.
Pass the schnapps!