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Ambrose Evans-Pritchard: Europe's betrayal of Spain (Daily Telegraph, September 27th, 2012)
Today [Rajoy] will announce a fresh round of austerity measures to meet EU targets that cannot be met, adhering to reactionary strategy of "internal devaluation" imposed by Germany that is destroying his country.

And now he has just been betrayed by the German bloc anyway. Es el colmo. If he were to request full sovereign rescue, he would most likely be shafted again. Who can blame him for dragging his feet?

The temptation to tell the Germans and Dutch to go to Hell - and to pull the pin on their banking systems - must be growing mightily. Desperate men do desperate things.

I don't think there's a single line in the analysis that I'd object to.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Thu Sep 27th, 2012 at 06:19:09 PM EST
[ Parent ]
Isn't it odd how the insanity of Europe's leaders has made people like AEP much more on target?

<sigh>

Question is, is rebelling even possible in Rajoy's belief system?

by Metatone (metatone [a|t] gmail (dot) com) on Fri Sep 28th, 2012 at 07:43:06 AM EST
[ Parent ]
these leaders are chosen because their belief systems are dependably carved in basalt.

TINA...

down they go, new acolytes always ready to jump in the ring with fresh versions of the old lies.

all thumbs in a dike anyway...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Fri Sep 28th, 2012 at 03:45:11 PM EST
[ Parent ]
The economic right wing is fuming at what they see as Rajoy's incompetence.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 28th, 2012 at 11:10:19 PM EST
[ Parent ]
is rebelling even possible in Rajoy's belief system?

Never. Rebelling is do something, decide something.

by PerCLupi on Sat Sep 29th, 2012 at 02:40:09 AM EST
[ Parent ]
opposed on the ideological spectrum can all agree on one thing, the Euro project is a bust, and can not hold.

Now, we wait for events to unfold as the elites cling to their fantasies, delaying the inevitable and in so doing making the inevitable all the more painful.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Fri Sep 28th, 2012 at 07:44:23 AM EST
[ Parent ]

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