Monday, March 14, 2011

German jackboot increases the pressure on Europe's jugular!

The following are the concluding paragraphs to an article in this morning's Daily Telegraph, linked here, on the capitulation of the EU states to huge sacrifices of sovereignty to the Germans:

   Popular revolt is the dog that has not barked since the long slump began. This may just be a question of time. The pattern of the 1930s is that deep alienation starts in year three as austerity grinds on, and in this case tensions on the eurozone perip(h)ery can only turn nastier as the ECB tightens monetary policy.
   What is clear is that sovereign states are being forced to cut wages and dismantle parts of their welfare state under foreign diktat, with a gun held to their heads. This will not be forgotten lightly. The character of the European Project has changed utterly.

Further reading on what made 11-3-11 such a dark day for Europe, read here, (even graver than it will eventually prove for Japan, after the dreadful earthquake and tsunami) may be read from this link.

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