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The minor problem, is that democracy might get in the way. The EU-politicians-puppets-of-banksters have until now been able to control the populace (both in debtor and creditor countries), but the pain that is being inflicted might be too much and somebody might rebel (Finland almost did it, lets hope somebody does it)...

The problem is that the only way the populace can reject the current plans is through more or less racist national-populist movements who largely have the wrong target and mostly focus anger on brown people rather than banks.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Mon Jun 13th, 2011 at 08:04:55 AM EST
[ Parent ]
Indeed. Portugal is the exception here, by the way. It is only the (hard) left that is calling for a restructure. Interestingly some members of the newly elected conservative party are openly talking that restructuring is unavoidable. They are typically told to shut up afterwards, but clearly they are aware of the situation.

But back to your (more important) point: The fact is that there is, in most countries, no decent parties arguing for restructuring should send shivers through everybody's spines. I think that there is a serious risk that an "ugly" party will get into power somewhere (though, like in .NL, they might already be there in some form).

This fascist narrative (I think the word is appropriate here) can be the source of much grief and sorrow in the near future...

by cagatacos on Mon Jun 13th, 2011 at 08:19:03 AM EST
[ Parent ]
But back to your (more important) point: The fact is that there is, in most countries, no decent parties arguing for restructuring should send shivers through everybody's spines.

It should also clue them that the "decent" parties are, unfortunately, useless and that they need a new reform party pledged to tear down the existing system and investigate all potentially prosecutable offenses. The best solution might be for disaffected voters to all join one existing splinter party and revise its agenda to create such a "reform" party. If enough banded together and announced their intention of doing so, they might have splinter parties lining up to compete for the privilege of lending their current status to this new purpose.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 13th, 2011 at 11:01:42 PM EST
[ Parent ]
Unfortunately, the Social Democrats are playing for the enemy here...

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Mon Jun 13th, 2011 at 08:39:42 AM EST
[ Parent ]

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