Something To Consider Before We Bail Out The Eurozone
It’s beginning to look a lot like Christmas in the Eurozone. No; sadly, the failing and fumbling Postmoderns haven’t been laughed out of power. No, the masses of Europe have not returned to their spiritual gravamen. But, given the impending Greek default, they sure do want something fungible to jam in their stockings. Never worry; never fear; being too big to fail means you can | Read More »
Nationalism Will Kill The Euro
“If the euro fails, then Europe fails.” – German Chancellor Angela Merkel (HT: The Economic Collapse) The Euro has its issues. It combines 17 disparate currencies into one. This group of nations is known as The Eurozone. The Euro works based upon a framework of internal limits that Eurozone members would adapt. The agreement was that no Eurozone member would take on annual public debt | Read More »
Will PIGS Fly?
Reporter: “So Shaq, have you been to The Parthenon?” Shaquille O’Neill: “No, I’ve been staying out of the clubs to focus on my game.” It would be easy to make fun of Shaq over his lack of knowledge of European History. He seems particularly uninterested in the traditions and folklore of Ancient Athens. Give the modern Hellenic economy two more years; and he may be | Read More »
How I Stopped Pitying Europeans and Learned Some Empathy
I figured Spengler pretty much nailed Europe to the wall when he wrote the following.
They have no ambition but to die quietly, no concerns except for those amusements which might reduce boredom and anxiety en route to the grave. They have no passions except hatred born of envy. They hate America, a new kind of universality that succeeded where the old Christian empire failed. They hate Israel, which makes the Jewish people appear all the more eternal in stark contrast to Europe’s morbid temporality. They will pass out of history unmourned even by themselves.
If the only Europeans this would effect were the electorates responsible for Papandreou, Chirac and Gazprom Schroeder, I would remain unmoved by their current plight. Stupid is as stupid votes; and the Europeans have used their Post-WWII holiday from responsibility to elect leaders steeped in feckless enstupidation. But that would fail to take cognizance of what we’ve just elected in the Good Old US of A. It also fails to recognize the maundering plight of the current generation of young Europeans. They, like American Conservatives, are hostages – strangers in an increasingly strange land.
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The Delusions of a Whinging Pommie
It seems there are those in Great Britain who will follow the example of their Prime Minister, Gordon Brown, regardless of how execrable it may be. The Honorable Mr. Brown recently told the world who he thought really deserved to win a US election. “Around the world, it is progressive politicians who are grappling with these challenges….In the electrifying US Presidential campaign, it is the | Read More »