EURO: The death of democracy

My father use to tell me that desperate men are capable of doing desperate things and lose all sense of their worth. Its shame my father never had the chance to give this lesson to Ms Merkel and Mr Sarkozy. Both these leaders of Europe have encouraged democratic elected governments to be replaced by unelected "technocratic"governments. "Technocratic" can be translated as they will do what the ECB, IMF, Germany and France tell them to . The leaders of Europe have decided that democracy in Europe was the problem of the debt crisis so they would choose who should run certain nations for this extraordinary period. While Merkel keeps stating she is fully committed to the European project what she actual has done is start the process of the destruction of the Union not just the Euro currency. Simply the European Union main rationale for forming was to avoid another European World War, i.e. to consolidate defenses. Also free trade was a main founding block to bring European nations together. The actions in actively removing two democratic leaders are completely inconsistent with these founding principles. I doubt if other European leaders inside the Euro rejoiced at last weeks events. Not only has trust disappeared but now the door is definitely wide open in the up and coming national elections for a far right or left government to take the anti-European card. The Chinese must find this amusing. I think Germany and France have lost any credibility in using freedom of individual rights argument with the Chinese. At least the Chinese have enough honor to admit they have a dictatorship. And what makes it even worse is that the problem with the Euro has nothing do with what government or individual is leading the country but has all to do with an inadequate infrastructure. There needs to be a centralized European lender of last resort, there needs to be greater tax harmonization, there needs to be more centralized power. Treaties need to be changed but also the people of countries need to vote on this. The fact that the German people were never allowed to vote originally on the Euro probably infers that there is more historical anti-Europe feeling within the key nation for Europe's survival than an outsider might suspect. Can the Euro be rescued? Yes, but not by ignoring the mass populaton. The public must be properly informed about the advantages of a united Europe and what sovereignty they need to give up for it to work and then be left to democratically vote. Anything else will eventually lead to revolution. I can only explain European leaders actions as those of desperate men, which tells you just how bad the situation is. Maybe in Merkel's case it can simply be explained as the love and infatuation for her mentor, the ex-Chancellor Kohl, and defending his creation. As a hedge fund manager I see opportunity. Every action has a reaction...