WHAT IS A TRILLION, ANYWAY ?

Eurozone leaders meet to discuss how to resolve their ongoing financial crisis and the commentators throw around numbers that are simply mind-boggling - not mere billions any more, but we are now into trillions of Euros, pounds, dollars, or anything else you care to mention. Does any of it make sense or even really matter ?

What we have is a crisis caused by governments and economists. Forget all the ire aimed at 'bankers', other than the entirely incompetent ones like Fred Goodwin and Eric Daniels, they've done no more than apply the rules that applied to their businesses, rules that were set by governments. Additionally, they responded to the pleas of their governments to lend, lend, lend, as much as possible so as to 'stimulate the economy', in pursuit of an economic theory that has now been shown to have been rather flawed, to ever greater growth. That they didn't really have the money to lend and that most of the loans were unsupported by sound business cases was of minor importance.

In the Eurozone, we have the scenario outlined above multipled by a factor of billions as a result of the utterly impossible Euro project. Anyone with a brain cell knew that trying to cram together many nations with disparate economies under a single currency was doomed to failure, and so it has proven. Perhaps those that chose this path actually did so knowing that it would fail and that they would then have an opportunity to propose even closer union as the only logical step - this has only just occurred to me as an option but it makes terrifying sense.

Thinking more about this, it's bloody obvious that the original perpetrators of the Euro knew full-well that 'stage 1' was doomed to failure; they also knew that the only realistic solution to that failure was a 'stage 2' that involved even greater union between the member nations. What they didn't, and couldn't include in their calculations, was the financial crisis that has occurred quite independently of the inevitable Euro mess. When both crises are put together, the result is a total melt-down of the Euro, which is exactly what has happened.

It is now being reported that the Eurozone leaders have been discussing a potential change to the European Treaty as part of the resolution to their problems, something that should automatically lead to a referendum in this country; being a cynic, I wonder if this is a manufactured move designed to 'head off' Monday's debate and vote in the house of Commons. Of course, DC has said that any change would be in our interest, no doubt another attempt at a Monday bypass; one also wonders whether his words may be a precursor to an attempt to say that a referendum is unnecessary as we won't be affected by any consequent change.

We all know what a bunch of prevaricating and disingenous crooks and liars our politicians are. We also know that whatever they come up with, it's us, the people, who will pay. Is it any coincidence that the country currently doing best in Europe is Belgium, and they've been without an effective government for months.

To answer my original question, "Yes, it does make sense, even if the numbers are beyond our comprehension and it matters far more than the vast majority realise or even care."