We have an EU crisis, not a eurozone crisis.

The use of ‘eurozone crisis’ as a phrase is designed to hide the reality of European Union implosion

Eurocrats are a funny lot at the best of times. Last week, they were telling us that the euro was nothing to do with the underlying economic problems in Europe. But 99% of the time they tell us that there is ‘only’ a problem on the mythical Planet Eurozone: that the EU is an entirely separate issue thank you very much. As so often with the Orwellian characters in Brussels, not only are these statements contradictory, they are both false: the eurozone is merely the latest symptom of EU madness. It is a fatal one, but the patient and the cancer cannot be artificially separated.

The structural and philosophical flaws in the EU are not hard to define.

I just found out from official figures this morning that the average Greek railway worker was getting 60,000 euros a year until austerity hit. So rising costs are one problem.
EU trade as a bloc also shrank last year: not much point in selling to each other if we can’t sell outside that bubble. So there’s another problem: anti-entrepreneurialism.
France hasn’t obeyed eurozone spending targets EVER since the common currency was launched. So there’s another problem: wasting taxpayers’ money in a constant effort to get re-elected.
Did you know as well that a staggering 74.9% of all Belgian GDP goes into EU admin services? So there’s another problem: bureaucratic strangulation.
And did you know there are currently 37 huge class-action suits outstanding against eurobanks for investment fraud? And that derivative values are 22 times the size of EU GDP? So there’s another problem: unregulated, mad and crooked bankers.
What does all this tell us? It tells me at least that this separation between ‘EU’ and ‘eurozone’ is pure spin. Just as the terms Islamist and Islamic are designed to blur the central problem of religious bigotry, so too the fanatical belief in the EU uses ‘eurozone’ to hide the real problem: an out-of-control superstate that, being undemocratic and illiberal, is now going to the same way as the USSR.