It has been an extraordinary sight, the slow descent of Europe into disarray as the dream of integration and further unity fades. Despite the European bureaucrats insisting they need more and more integration to rescue the dire predicament, the unfortunate reality is that such integration is actually tearing Europe apart.
The European experiment has failed dismally (as many knew it would), but the failure is particularly evident in the single currency. My home country was sensible enough to stay out of the Euro zone, and it is now becoming obvious that out of the Euro zone is by far the best place to be. Now the Greek Prime Minister has dropped a proverbial bombshell.
For anyone interested, two blogs stand out as providing unparalleled commentary on the unfolding events. Firstly, Autonomous Mind:
No one saw this coming. As the EU’s elite congratulated themselves on announcing their unfunded €1 trillion voodoo financial package, to shore up Greece and thus keep the Eurozone intact for a while longer, Greek Prime Minister, George Papandreou, was preparing to ask the Greek people if they accept the terms of the deal in a national referendum.
Moves are already afoot in Greece to declare such a referendum unconstitutional. The political class dare not ask the people what they want. It is not the EU way. The Greeks will almost certainly reject the deal, seeing it as an element of the austerity measures that have resulted in strikes and civil disorder. That will mean a default on their already huge debt, and crucially, despite all the EU’s assurances to the contrary, the likely departure of Greece from the Euro. (source)
Secondly, Richard North’s EU Referendum:
Fotis Kouvelis, leader of the small Democratic Left party argues that, instead of a referendum, the country must go to early elections. It’s the most honourable solution, he says. But with no party likely to win a clear lead, Papandreou might be gambling on the referendum giving him a new legitimacy, which will extend beyond the January and well into the next year.
But there is one issue – perhaps the elephant in the room – which is not being mentioned: the attitude of the Army. With a possibility of a military coup not being ruled out, we do not know who is pulling the strings.
For one brief moment though, we have a delicious certainty of knowing who isn’t. And even now, such has been the shock that we have not yet had a comment from either Berlin or Brussels. (source)
Many are predicting dark days ahead for Europe.










Recent Comments