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This much is true: When we created the euro, it wasn't possible to create a political union along with it. People weren't ready for that. But since then, they've grown more willing to go in that direction. It's a process, one that is sometimes laborious and sometimes slow. But it's important to keep the populations involved.
If European monetary policy is run according to German interests, huge structural imbalances will accumulate. The Germans will then either have to pay to correct those imbalances or agree that the euro should not be run primarily according to German interests. If they are unwilling to do either of those things, the euro can't survive.
If you go back to the Euro campaign in 1999, how many chief executives and chairmen of FTSE 100 companies were speaking out on this? I think two. Two out of 200 people. Did that represent the reality of what businesses in Britain thought about the Euro? Of course it didn't. Did it represent what CBI members thought? Of course it didn't.
It's the invincible arrogance of Europe's elites that gets me. These are people who have seen the euro collapse. These are people who are presiding over a migration crisis on their borders, and yet do they ever acknowledge that they need to change? No. They say they need more integration, more of our money, more control over this country.
First of all, Greece won't go down. We're talking about a country that is capable of making change. Europe will not allow the destabilization of the 27-country euro zone. But if there were no action, then markets would start becoming jittery about other countries - and not only Spain and Portugal, but other countries in the European Union.
I'm releasing a single. It's called 'Live it Up.' It was based on my Euro trip. I only write my own music. I don't let other people write it at all. So I've been working on that a lot. There's three singles coming out. The producer of The Fray who did their double-platinum album 'How to Save a Life,' I'm working with him. He's producing me.
In the '50s and in the '60s, the private insurance system originally was a benefit for the bureaucrats in Germany. And this system became ever bigger because the private insurance industry lobbied successfully for making this system bigger. In the '70s and in the '80s, they managed to find a system where they could take everyone beyond 40,000 euros income per year but didn't have to take everyone. So they only took those that had both high income and a secure job and who was not ill at that time.
