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Tag Archives | EU

Belgium, home of European Union, has no functioning government

Journalist Andy Carling in Belgium, on the dire situation there, where for 18 months now a caretaker government has been handling only routine business. Now, Belgium, a nation that appears intent on geographical suicide is about to go under. A combination of EU dithering, narrow minded politicians and financial pressure has left the home of […]

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Greek debt crisis “absolute nightmare”

Interview with Financial Times chief economics correspondent, Martin Wolf. From Wolf’s point of view, the choice is an easy one: Restructure now and force the private sector to at least share in the pain (for a change). But the banksters never want to take a writedown on their dicey bond ‘investments’ and instead try to […]

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Multiculturalism has failed, say European leaders

“My answer is clearly yes, it is a failure,” [French President Nicolas Sarkozy] said in a television interview when asked about the policy which advocates that host societies welcome and foster distinct cultural and religious immigrant groups. “Of course we must all respect differences, but we do not want… a society where communities coexist side […]

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It’s hard to watch the rape of Ireland

31 billion euros for Irish bank capital capital aid … Out of 31.5 billion euros total tax revenue for the year! Leaving 0.5 billion euros for the rest of the government. And please note that 31 billion is a *voluntary* contribution to the banks by the government. … Mortgaging the people of Ireland for at […]

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Today we are all Irish. Stop the banksters

Ireland should default on their debt and force the banker thugs to take a haircut on their investments. And that’s precisely what might happen after their craven and corrupt government falls. The new government will be much more militant and should simply repudiate the debt. Krugman These debts were incurred, not to pay for public […]

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