The EU is going to the dogs.
And with the recent dumping of Greek PM Papandreou for daring to offer the people a choice, the dumping of Italian PM Berlusconi also without elections (sound familiar Australia?), and the replacement of both with unelected bankers, democracy has died in its cradle.
And once again, up steps the UK Independent Party’s Nigel Farage to tell it like it is (h/t ZeroHedge):
Nigel Farage needs no introduction: the famous Euroskeptic is one of very few men who has had the temerity to question, often in an abnormally high decibel fashion, the stupidity of the Eurozone leaders from day one. Now that he has been proven correct, he has every right to gloat, which he does to everyone’s delightful amusement in the European parliament. The look on the unelected von Rompuy’s face, especially as he watches his decade-long bureaucratic nirvana crash and burn every single day, is quite priceless.
Barnaby Is Right 
Funny watching this after reading this. I wanted to laugh and then vomit in the first paragraph alone. Who are they trying to kid? For the full article, follow the link at the bottom.
“LONDON: It’s hard to find someone with a bad word to say about Mario Monti, the bureaucrat catapulted to prime ministership of Italy this week in the hope he can rescue it from the financial mire. But then, everything is relative, and it’s easy to look good when your predecessor was Silvio Berlusconi, the ageing roue who has been likened to a cross between Vladimir Putin and Benny Hill.
As a respected economist and bureaucrat, Monti, 68, is a sterling exemplar of his kind. For critics worried about democracy, though, there has been a question about an unelected person running a nation.
But concerns about the will of the people are low on the radar of today’s crisis-driven Europe. To the leaders of France, Germany and other euro zone economies, there is a more burning issue, one on which the future of Europe might depend: can he pull it off?”
Read more: http://www.smh.com.au/world/italys-numero-uno-faces-challenging-numbers-game-20111117-1nkxp.html#ixzz1e1KcNEaD
Shame Farage is a total hypocrite. It wasn’t long ago he was calling for the army on the streets to deal with those ‘mindless criminals’ burning & looting through the UK whilst loudly proclaiming the Greek government & Euro bureaucrats as corrupt as Greeks burned & looted through Greece.
As it happens, Farage has a background in finance in the ‘City’ (of London).
Interesting … got any links viz. Farage links to the City?
Just FWIW, I do perceive there may be a subtle but important difference between the causes of rioting in the respective countries mentioned. And if in Farage shoes, I can imagine it would be easy to miss the underlying issues in your own backyard’s problems, when you are so focussed on the reasons for the EU’s problems. Not excusing anyone, or anything. Just saying, I’d personally not be prepared to totally condemn Farage only on the strength of that apparent hypocrisy.
Google his name, you’ll find what you need.
He was calling for military intervention against riotous youngsters in his own country. There is no real difference between problems in the UK & Greece. If you’ve been paying attention you’ll have noticed the ‘market’ is beginning to ‘question’ French government debt, as Doug Noland says “working its way up the food chain”. The UK government is broke, just like Greece, once the ‘moneyness’ of Gilts comes into question there is nowhere to run.
Yes, I had noticed the contagion spreading via ‘questioning’ the debt of ever larger economies, just as you say. Do you think it will work right through to the EU core (FR, DE) and collapse the EMU before crossing the Channel, or will the gilts come into question earlier?
Can’t say for sure though one would think that Germany is in a stronger position than the UK & even the US.
Check out Tory Aardvark blog, and see what they say is the demise of clean energy and carbon credits, some who believe is the basis of the financial demise of the EU. The tide is turning folks, and we should watch our backs. Before Australia plunges into the quagmire of financial ruin, following this clean or green energy rort. Yes the banks are encouraging investment in clean energy and the scam of carbon credits. Now the gilt has worn off, and the rust is showing, they have to recover some of their investments. Check out 14,000 wind turbines in the USA are useless, including some in Hawaii, where our PM has just been to the APEC meeting. UK is removing subsidies for solar and turbines, as are other EU countries. Italy they give away carbon permits. And this useless government is leading us into the quagmire of financial ruin, without rationalizing what has gone on overseas before this and now. They should be pronounced imbeciles, and any of the Greens and Independents go with them too.
Yes, read it earlier, thanks for the reminder Bushbunny. Not at all surprising to me.