#negotiator 31 - Stealth Federalization of the EU (Tuomas Malinen)

Tuomas Malinen, the CEO of GnS Economics goes through four charts over the stealth federalization of the EU in the interview by Sami Miettinen at the #negotiator channel. The YouTube interviews with Tuomas Malinen have been watched over 200,000 times in Finland so his message resonates with Finns, who are worried of the EU becoming a federation as the 750 billion euro recovery fund breaks EU Articles 123, 125 and 310.  Tuomas encourages the citizens of the EU countries to demand referendums and national discussions on the fund in 20020. These would determine, whether the transfer union with ever increasing tax burdens and mutualized federal debt is in their interests.  

Malinen compares the unfavorable GDP paths of Finland, Italy, and Greece to the more encouraging recoveries of Germany, Austria, Spain and Portugal. Consequently, Tuomas questions the impact of the common currency, euro on the growth paths of the countries by showing the practically identical interest rate paths of Finland, Sweden and Eurozone over decades, regardless of the currency used. In another chart, GnS Economics has simulated the development of the currency of Finland, markka (FIM), during the euro period. The simulation points to significant counter-cyclical benefits, which would have boosted the economy of Finland, especially via export growth, by tens of billions of euros.  

The key themes of the interview are spelled out by Tuomas Malinen and Peter Nyberg in their article.

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