Thursday, May 06, 2010

EU in Crisis

The British media is in full navel gazing mode this morning with polls open for a disenfranchised electorate forced to choose between three no-hoper main party candidates none of whom have had the courage to lay the details of the dreadful national problems before the electorate. We must, therefore, cross the Irish Sea for a report on the larger crisis now fermenting over the English Channel, read RTE from here. Angela Merkel pleaded in the German Parliament yesterday for rapid agreement to the Greek subsidy and stressed Germany's new role as the prerequisite for any future action anywhere and everywhere within the EU. Only the German Constitutional Court now looks likely to halt a mad economic slide similar to the situation in the early 1930s destined to end in an outcome akin to that in the late 1930s. That Britain will have a leadership following today's election, totally unequipped to either understand or cope with the coming problems is the one racing certainty from today's polling.

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