April 21, 2013 | 4 comments
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February 24, 2013 | 16 comments
The European Union started out as a worthwhile endeavor, a “common market” for European peoples inconveniently divided among theretofore warring states. But it has turned into something else entirely. The EU has taken on malign political ambitions, attempting to create a continental consolidated government over the opposition of many Europeans. The Eurozone added another dimension, linking together disparate states with independent fiscal policies.
The latter is hemorrhaging financially. Greece and Ireland have ended up in the German-financed bail-out line. Facing too much debt, they have … taken on more debt to solve their problems. Some people are now pointing to Spain and Portugal as the next most likely bail-out candidates. Today the New York Times highlights Belgium and Italy! Reports the Times:
Throughout Europe’s financial crisis, Italy and Belgium have managed to avoid being one of the countries that keep people awake at night.
But even as concern mounts that Portugal and possibly Spain may seek financial aid after Greece and Ireland requested bailouts, investors have started asking whether those two economies may be the next weak links in Europe’s monetary union, the euro.
Belgium isn’t really a country. But Italy matters, both economically and politically. If it goes, the fun really starts in Europe. Assuming the German people are less enthused than German politicians about bailing out their wastral neighbors, the Eurozone is likely to shrink, or possible collapse. (Has the famed D-mark ever looked so good?)
And then even the EU might find rough-sailing. But it is time for Europeans who care about liberty and democracy to take a hard look at where the project is heading.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?