Who has the most dodgy economy in the EU after the PIIGS? Oh, it’s us. Britain. Would the Germans and the French be as willing to bail us out as they are Greece and Portugal? Asks Ventilator Blues.
I do hope that everyone is praying for a disorderly end to the PIIGS bailout saga which comes to another hydra-head 21st July 2011. Us Brits much cheer on further stagnation and fudge or we are doomed and here is why. Continue reading
The weak Greek economy is to be bailed out once again. Instead of allowing the Euro to crumble, the Germans fight to keep the Euro together. There is evidence of strong economies upholding weak: West Germany sustained the East, the West of Turkey sustains the East, London sustains the North. But the strong Euro nations cannot sustain the weak ones because they do not share a culture, identity or language, writes David Vaiani.
So, once again, EU leaders have clubbed together to bail out the Continue reading
The West’s defensive capabilities are exposed by the war in Libya. The Americans are losing patience, the EU is assuming control of from NATO – Could this signal the beginning of the end for the North Atlantic Treaty Organisation? Asks Luke Cahill.
As the conflict in Libya drags on, what was hoped to be Cameron’s and Sarkozy’s Falkland’s – something that would get wide political support and lead to a quick victory – has become a typical Euro muddle. There are serious operational questions to be asked as to whether NATO can survive much longer, or will she rest in peace?
The involvement of the United States has been minimal, at least by the Obama administration, portrayed. This is partly due to an eye to next year’s presidential election, and partly due to the desire by the Continue reading
Cry “Havoc! And let slip the PIGS and Greece” as Shakespeare would have written had he been around. The travails in Greece certainly have all the hallmarks of a tragedy in the artistic sense but beyond that all sense pretty much disappears.
Hubris, pride, incompetence, bathos, comeuppance, despair but enough of Ed Milliband’s leadership election, all these wonderful traits can be discerned from afar with great satisfaction by the average Brit who has always thought that there was something deeply flawed by the European currency project. Continue reading