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Posts Tagged ‘EU’

The bell tolls for the Eurozone

September 29, 2011 Leave a comment

The situation there is grim, and the financial and social systems there are buckling:

The worst nightmares of […] Euroskeptics have been exceeded. The United States carried the luxury-goods industries of France and Italy and the engineered-products industries of Germany on its back for decades, but it will not and cannot do it anymore. Decline is reversible; more complicated is a death wish as thoroughly installed in the attitudes and practices of whole peoples as that of most of Europe.

If Europe cannot spark a demographic renewal, with a work force comprising fully half the people, flexible labor markets, tax rates that encourage savings and investment, an end to stealthily galloping inflation, and a reactivation of the economic and military muscle that alone confer credibility, it will quietly perish.

These are the results of cradle-to-grave statism, and Euro-socialist economic policies.  There is no reason why this cannot happen here in the United States, in fact it probably already is happening.  The laws of economics and common sense apply in our country as well as in Europe.

Socialist Greeks running out of other people’s money, “workers” take to the streets

June 28, 2011 Leave a comment

Paging Margaret Thatcher:

On the eve of a pivotal austerity vote, Greek “workers” are taking to the streets in a national strike:

Police have fired tear gas in running battles with stone-throwing youths in Athens, where a 48-hour general strike is being held against a parliamentary vote on tough austerity measures.

Thousands of protesters have gathered outside parliament in the capital where public transport has ground to a halt.

PM George Papandreou has said that only his 28bn-euro (£25bn) austerity plan would get Greece back on its feet.

If the package is not approved, Greece could run out of money within weeks.

Without a new plan in place, the EU and IMF say they will withhold 12bn euros of loans which Greece needs to repay debts due in mid-July.

Yes, the problem with socialism is, well…

Meanwhile, those who created this mess insist it’s for the country’s own good:

Mr Papandreou has warned that failure to secure the new loans would mean that national coffers could be empty within days.

The new Finance Minister, Evangelos Venizelos, acknowledged that the cuts were “unfair”, but said they were absolutely necessary.

And yet, the people are taking to the streets, insisting that the government help them some more.   As always, be wary of politicians insisting they create programs for the betterment of society, and we should be taking note of this here in the States.  They just about always end up screwing you in the end.

“Qaddafi has better weapons”

March 10, 2011 Leave a comment

France and England are making noise about bombing Libya and/or establishing a no-fly zone, respectively.  Both countries want “action” in North Africa, but there’s a lot of hand-wringing as to what that action will be.   One thing is clear, though.  The EU has spoken:

An EU summit call today for Gaddafi to “relinquish power immediately” is seen as vital for helping to win support from Arab League meeting of foreign ministers on Saturday.  […]

William Hague, the foreign secretary said that Britain was happy to talk to the council, but stopped well short of recognition. A letter written by Mr Hague yesterday urged the EU to strip Gaddafi of diplomatic recognition.

“The EU and its member states will not work or co-operate with Gaddafi [and should] support the suspension of Gaddafi’s sovereign immunity, removing from him the protection enjoyed by heads of state,” he wrote.

Meanwhile, it’s becoming apparent that the rebels’ inexperience and lack of weaponry appears to be making all the difference as Libya explodes into civil war:

“We have God on our side and a just cause, but Qaddafi has better weapons,” says Sarhan Khaled, a 34-year-old businessman who has been fighting just west of the oil town of Ras Lanuf for the past four days. “We’ll fight either way, but we’d like the international community to stop his planes.”

This afternoon NATO is considering a no-fly zone to protect the uprising – something the rebels have been begging for – and economic sanctions have been heaped on Qaddafi and his associates. […]

[E]vents today show that consideration of further moves could soon become moot.

Late Thursday afternoon some of the largely civilian militia at the forefront of the uprising against Qaddafi’s 41-year reign started to withdraw from Ras Lanuf after a withering assault by mortars, rocket fire, and warplanes over the past two days.

After pummeling the rebel positions from the air, forces loyal to Qaddafi maneuvered in the desert south of the lightly armed rebels, who are generally visible in large clusters along the highway, to attack them from their flank. As of this writing, the town appeared to remain in rebel hands, albeit shakily.

Today’s assault, to be sure, involved far more than planes. Though the rebels have rockets, they have had difficulty locating Qaddafi’s forces and are generally unskilled operators. That means that Qaddafi’s forces have been able to rain mortars and rockets on the area with little fear of reprisals.

Does anyone else think that the EU’s chest-thumping is falling on deaf ears?  Does anyone believe that Qaddafi is taking them seriously?  I’m trying to think otherwise, but there’s really no convincing information to the contrary.

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