Showing posts with label Euro a failure as is the EU. Show all posts
Showing posts with label Euro a failure as is the EU. Show all posts

Sunday, January 1, 2012

A FAILURE THAT OBAMA PURSUES

Commission President Barroso and Council President Van Rompuy at a summit in Brussels, December 2011

Submitted by: Donald Hank

Europe cannot save the euro, nor save itself from the euro

The deflated apparatchiks of the EU watch powerlessly as a tragedy unfolds.

Commission President Barroso and Council President Van Rompuy at a summit in Brussels, December 2011  Photo: Isopix/Rex Features
7:00PM GMT 31 Dec 2011

It is customary at this time to act like two-faced Janus, looking back at the year that has passed while predicting what may happen in the one ahead. However, from what we have seen of the two great political fantasies of our age, it is now much easier to say what is likely not to happen. Each of these acts of make-believe has got so out of hand that a violent collision with reality is inevitable. But those who are in their grip are so locked in denial that it is only safe to predict that nothing will bring them back to earth until that nemesis intervenes.