Rachel Marsden
The
In other words, these self-styled fiscal medics plunged headfirst into deadly disease without making sure they had all their shots. Is every European country that tries to find a clean end by which to lift up this mess now doomed?
Of all the possible solutions, that's definitely not it. Presumably, Schwab -- bless his heart -- is 13 years old and hasn't gotten "the talk" yet from mom. I definitely would have swooned at such a romantic line in high school, in the days when I was hitting up my parents daily for lunch money and thought I'd marry
The "me first" concept -- or what I now like to call the "Costa Concordia captain's mantra" -- hasn't entirely escaped German Chancellor
Nice to see there's still some instinct of self-preservation. The unspoken truth is that the eurozone can't be saved as a whole. It's only by individual countries getting their act together and crawling ashore that they can ever hope to throw a life preserver to others. But even self-preservation is becoming less feasible as the situation grows direr and there's increasingly less to preserve.
As Fitch points out, a deepening recession could lead to greater public outcry and the rejection of austerity reforms.
Seeing as how these unions in their current form were conceived by a fascist dictator named Benito Mussolini whose heyday was nearly a century ago, perhaps the system's a bit dated. Monti still has to get it through Parliament, and many Parliament members work in these sectors themselves and may not want to vote against their own interests within the socialist system.
Socialism and its accompanying economic devastation thrive on complexity and red tape. If something is so simple that anyone can figure it out, then a socialist is being deprived of an opportunity to make a livelihood out of simplifying or translating socialist nonsense for the layman. A whole system is built up around the complex nonsense, with everyone else getting sucked into the socialist vortex and thrown a few shingles for the sake of giving socialists and their cronies some other people over which to lord and thereby justify their parasitic existence. Before long, economic Stockholm Syndrome takes hold, and they panic at the idea of having to make a living outside of parameters defined by Mussolini.
That's the dragon
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