Calgacus
Calgacus

The EU Creates A Desert and Calls It Peace

Ein Reich, Ein Volk, Ein Euro

Ein Reich, Ein Volk, Ein Euro

Ein Reich, Ein Volk, Ein Euro

Whenever they say the word "problem", some innocent entreprenuer will pop up offering a solution. Geek-entrepreneurs with hi-tec, digitally sort of solutions have been known to wander around just looking for problems to fit their new-fangled technology.
Now you really have not met a geek-entrepreneur until you have met an Estonian geek-entrepreneur.
Calgacus video fans will know from the film we did on the problem of "Passporting" (view it here)   

that the Estonian government has this "E-residence" scheme for businesses. Have a look because it could solve all of your outside-the-EU-single-market-post-Brexit problems with no real fuss and hardly any expense. It could be this tradition from Soviet times when people learnt how to ease their way around a state-created problem. When your dad did this in Soviet times, he knew he had better not get caught. We thought it was different in the EU and that you would get extra sugar ration for solving problems. Oh, no!


For loads of reasons, most people round here do not want problems for Britain post-Brexit nor do we want problems with Britain. And we sometinmes do not quite understand that problems is the whole point of EU action.


You know how everyone has their own e-currency nowadays - like Bitcoin and all that? They can be incredibly useful and are set to be an accepted part of modern life. While some businesses are issuing what amount to e-token money - which itself alarms the ECB because they can see the control of Money Supply slipping away from them in the digital age - a lot of the e-currencies, even Bitcoin, do have a bit of a dark-web, Russian gangster illegal arms deal reputation to them, don't they?


The solution the Estonians came up with, to enhance the e-residency , was a clean and respectable state-backed e-currency. This would be an efficient, flexible and modern solution. Efficient? Flexible? Modern? You can imagine the reaction of the ECB in Frankfurt. They are not going to put up with any of that.


It is the Estonian presidency of the EU in the second half of this year (it should have been Britain - ha!) but we are on the naughty-step for proposing this idea.


Draghi has recently put down a little Euro-rebellion in Italy and made it quite clear that there is only one currncy in the EU and that is the Euro. States - get with the politics not the market.