By
Shelomo Alfassa
The Jewish Press June 26, 2003
Since the beginning
of the Oslo War, member countries of the European Union (EU) have targeted
Israel with actions which have negatively impacted the country. For
example, Germany suspended arms sales to Israel, Belgian Foreign Minister
Louis Michel issued an order to do the same, and the French continue
their fabrications about Israel occupying Palestine, feeding a frenzy
of Jewish hatred in the ever growing Parisian-Muslim state.
While on a tour
of Arab countries this week, Italian Premier Silvio Berlusconi met with
Prime Minister Sharon and President Moshe Katzav to discuss the potential
for Israel to join the EU. Berlusconi is leading the current discussion,
because it is his country which takes over the 6-month rotating presidency
of the EU in July. In his address to Sharon, Berlusconi stated, "Israel's
natural place is in the EU." The topic of Israel joining the EU
is being spoken of increasingly in the media. The EU has an official
liaison, and unofficial derogatory mouthpiece, to Israel, Ambassador
Giancarlo Chevallard. A critic known to speak of Israeli atrocities,
in his newsletter Chevallard wonders why, "Europeans feel disconcerted
and increasingly uneasy about being accused of all sort of anti-Israeli
sins." Just one year ago the EU funneled 50 million Euros to Arafat
to pay his "security officers" and meet other "salary
obligations." When criticized about supplying the PA with funding
which has been alleged to be used for terrorist causes, Chevallard stated,
"I find it hard to believe that we harm Israeli security by providing
aid to the Palestinians." This is the same man who once stated
Israel is not up to the same standards of practice as the rest of the
Western world in practicing, "basic behavior in terms of human
rights and human dignity." Chevallard has also chastised Israel
for a, "spotty human rights record." Chevallard speaks of
Israel in this manner, while conversely seeking to entertain the idea
of allowing Israel to join the EU. Could the reason why the EU would
want the "bad" country of Israel to join them be for extrinsic
reasons? Could this linkage be a way for the EU to control the Jewish
state at some point in the future?
While the rhetoric
by the EU and Chevallard continues, there is the fact that one of the
greatest threats to Israel, hardly yet spoken of, is the potential of
replacing the Shekel for the EU's pan-European currency, the Euro. Austria,
Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands,
Portugal, and Spain are all nations that have already accepted the Euro
as their official currency. Proponents of the Euro stated a few year
ago that a European currency would strengthen European identity. Though
this might be true, what value-added benefit does this have for Israel?
Israel is not a European clone of Germany or Belgium. Israel must remain
a Jewish country, an individual national made up of Jewish values and
Jewish people. There is no reason to make the Jewish state strengthen
its "European identity" when its Jewish identity is its very
survival. Assimilation is bad enough due to cultural and social catalysts,
we certainly do not need a monetary paradigm added to our destruction.
The simple act
of converting from the Shekel to the Euro carries tremendous risks.
A study of the Harvard World Model United Nations, a research group,
stated that when a country uses Euros, it, "loses its ability to
fight inflation, control interest rates, and go into deep budget deficit
in order to fight its way out of a recession. The monetary policies
of the entire Euroland are controlled not by their respective national
governments but by the European Central Bank. Euroland is particularly
susceptible to asymmetric shocks, whereby one region is beset by economic
woes while others are booming. In this instance, the ECB, which has
to oversee the health of the entire Euroland, cannot lower or raise
interest rate simply for that one region alone."
Because there is
only one Europe-wide interest rate, individual countries that increase
their debt will raise interest rates in all other countries. For example,
a scenario such as this could work against Israel. The EU countries
may (for whatever reason) decrease their intra-EU transfer payments
to hurt Israel if so desired. Israel could then be held hostage at the
hands of the UK, France, Germany or other member nations. If governments
such as these mentioned exerted pressure on Israel to reduce borrowing,
or even pay fines if the budget deficit exceeds a reference value, this
may have the perverse effect of increasing an existing economic imbalance
or deepening a recession. To compound this, if Israel was in a recession,
it could longer stimulate its economy by devaluing the Shekel and increasing
exports. Who would Israel complain to if the EU, as master of the house,
was the one instituting the sentence against the Jewish state? Israel
would thus become a slave at the feet of the European Union.
As Jews, we hold
in our collective memories, reflections of torture, death and persecution
associated with many of these countries. Separating the historic facts
and emotional issues associated with using a currency which many of
these countries employ would be difficult, but it could be done. However,
the Shekel currently offers us more than independence from the EU monetary
system-it is a tremendous symbol of Jewish nationality, pride and freedom.
First spoken of as the Jewish monetary unit in the Exodus 30:11-16,
various Jewish coins were later minted with this same name. Coins of
the Jewish people were minted from 175 BCE to 135 CE, with one saying,
"Shekel of Israel" on it, and another, "to the redemption
of Zion." With the development of the modern State of Israel only
55 years ago, the Shekel was re-instituted as the Jewish system of currency.
After being re-instituted after two thousand years, and with all of
the speculation on the Israel joining the EU, one now has to ask: will
the modern Shekel soon be added to the list of now extinct national
currencies such as the Franc, Mark, Peseta, Drachma, Schilling, Lira
and Guilder?
A less significant
but potentially charged issue is that the country of Israel is not even
printed on the paper Euro currency. This begs the question, does anyone
think the EU will revoke the trillions of Euros from circulation, just
to print a new monetary note which depicts the holy land along with
the other EU countries? We'll they just might, and if the EU and its
"Quartet" (which include the UN, USA, and Russia), have anything
to do with it, it will probably be printed as P-a-l-e-s-t-i-n-e.
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