Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I mean even judged by its own metrics, reducing the debt load, it has failed. But nothing is changing politically.
Nothing is changing politically because our DLs have sewn up the game for years, and this is a big WIN for their bankster buddies, Corporations cashing in on shock doctrine, MIC etc etc.

That's the only value to the Farages, de Pens etc, not that their vision is any healthier but they do name names and want to upend the status quo.

Austerity will continue unless these rogue parties capture enough votes to unseat this creepy crew running Europe into the ground. Morale will decidedly not improve with Junker, Holland, Merkel and Renzi.

Talking about balancing the budget is just the ruse they use to con the rubes, while actually increasing debt and shifting wealth upwards into fewer hands.

Losing the Euro would be a small price for being able to believe again in the EU.

It's the only way to make it workable if the ECB won't act as a proper Central Bank, there are no Eurobonds.

If enough people demand exit then they have to change the rules for the Euro to survive, whereupon there will be no need to can it and go back to national sovereign currencies. Germany know this but it's in her interest to continue the present course as long as possible, as either way, with the DM or the revamped Euro, they will lose out. If the rest of Europe demands change she cannot hold out, and her export market suffers.
The inflation paranoia is, like austerity and balancing the budget, just another smoke screen for BAU...

This is becoming obvious to all but the most ingenuous!

'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 Sat Jul 19th, 2014 at 07:13:48 AM EST
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