19 August 2018
I am forced by the dangerous politics of Lady Emma Granger to address the status of the Euro. First and foremost, it is not in crisis. I cannot stress how dangerous this wrong information is when it comes to our regional currency. Lady Granger has decided that for her own political gain, she will lie and say that the euro is in danger. It is not. It is worth on average 0.91 when compared to home currencies. This is across our whole union, so not only is it in the smaller economies of Montenbourg and Pravoslaviya and Malfazia but also in the major economies: Inquista, the Duxburian Union, Angleter, the United Kingdom, Derecta and Australia. The fact that our regional currency, freely floating, is on parity or worth more than non-Euro currencies is showing the confidence in the region as a whole. Lady Granger's lack of economic credentials has proven she does not understand how a free-floating currency works.
She has also said numerous times that the status quo has been keeping down her nation and others. Let's look at that claim in a purely economic sense:
Montenbourg's economy is worth M£853,669,865,760 which translates to €1,214,791,044,230. That is based on the progress it has made to get its citizens on average around M£24,000 or €34,000. That is something to be proud of because Montenbourg has earned it. Angleter, by comparison, has an economy worth €6.6 trillion. It has earned its money as well.
How is Angleter's success coming at the expense of Montenbourg? Shouldn't it be Montenbourg's government that takes care of the economic growth of Montenbourg? Just because Xavier Bettel and Lady Emma Granger want to grow their economy doesn't mean someone else is holding them back. But that is the insinuation. I can say that bad economic policy does not help, and some of the choices made in the name of populist and faux progressive ideals pushed by Lady Emma Granger have been head scratching to the European Central Bank and other major lenders around the region.
Rather than look externally to blame others for holding Montenbourg back, why not engage in correcting policy and working for true progressive ideals rather than the en vogue ideas of the moment. Lady Emma Granger is seeking to do more harm than good by proliferating lies across the European Union about the Eurozone, and I cannot in good faith allow this to continue for the sake of the political discourse of Europe.
Dr. Michael Reed
President of the European Central Bank