Category Archives: Europe

We Are The World

Sanctimonious British and American media have covered the refugee crisis in Europe with distinct disdain for … the native populations. After all, aren’t the latter strangers in their own land? What right have they to worry about and wall-off their small piece of the world?

The Greeks, you will agree, have enough problems of their own. The islanders of Kos struggle to make a living. But now they have to fight for their small, compromised corner of the country. The Greek island lives off tourism. This will not last.

So many migrants have slipped into the small Greek island that its 30,000 population is struggling to cope amid rising fears that disgruntled tourists will begin boycotting the idyllic holiday destination, a long-time favourite of Britons.

The new — and very unwelcome — arrivals sleep under trees in the park, on sun loungers at the beach, and on the ground by the police station. Or they take their chances at a dirty, makeshift camp, set up in a derelict hotel close to Lambi beach where the traffickers’ inflatable dinghies creep in each dawn with their next load of human cargo.

(Daily Mail.)

A picture of refugee men ogling British tourists:

Bush, Obama And Hillary Destabilized The … World

Britain, Europe, Foreign Policy, IMMIGRATION

“When they destabilized Libya and overthrew strongman Muammar Gadhafi in 2011, the U.S. and its Canadian and European allies unleashed a series of events that accounts for the steady flood into Europe of migrants from North Africa.” (From “The Curse Of Col. Gadhafi.”)

The leveling of Libya courtesy of Barack Obama’s Amazon women warriors—Hillary Clinton, Susan Rice and Samantha Power—is one source of destabilization. Another is the destruction of Syria, Iraq and Afghanistan:

“A large majority of people undertaking these arduous and dangerous journeys are refugees fleeing from places such as Syria, Iraq and Afghanistan,” confirmed UN Secretary-General Ban Ki-moon. You know who finished those countries off: George W. Bush. He is responsible for interventions that rippled into Syria and now Europe; it is being flooded by migrants from the Middle East and North Africa.

Those who make it across the Mediterranean and wash up on southern Italy’s shores, then proceed inland. Some are clamoring to cross the channel into United Kingdom, via the Channel Tunnel. It is a “Camp of the Saints” scenario—“the 1973 novel by French author Jean Raspail envisioning an apocalyptic ‘invasion’ of Europe by successive boatloads of Third World nationals.”

Between them, Bush, Obama and Clinton destabilized the … world

Greek Economic Crisis A Crisis Of GOVERNMENT Debt

Debt, Economy, EU, Europe

Here’s the thing about the situation in Greece: Among those who’ve had their assets frozen, and are prohibited from accessing their bank deposits, are solvent people like you and me. So you know: Once the US gets to Greece’s situation—you and I will have a hard time accessing our own property.

The Greek economic crisis is a crisis of government-debt, euphemized as a “sovereign debt crisis. During the rule of the “right-wing military junta,” Greece was in the black; it ran surpluses. When successive, socialist Greek governments came to power, in 1974, they strove mightily “to bring disenfranchised left-leaning portions of the population into the economic mainstream and so ran large deficits to finance enormous military expenditure, public sector jobs, pensions and other social benefits.”

Give us your votes, and we’ll give you the keys to the treasury. This ought to sound familiar to Americans.

The latest via Investor’s Business Daily:

Eurozone leaders struck a conditional deal with Greece early Monday that would keep the country in the currency union, but at a steep price for a government that just days ago won a mandate from Greek citizens to stand firm.

Greece’s third bailout, worth 86 billion euros ($95 billion), will require that it enact tough measures, including reforms of the pension and tax systems, budget cuts, and privatization of many of its assets. It must also be approved by the Greek parliament and some of its measures written into law by Wednesday. …

Yes, The ‘Banksters’ Are Bad, But So Is Greek Profligacy & Sloth

Debt, Economy, EU, Europe, Federal Reserve Bank, Labor, libertarianism

After midnight, tonight, Greece will turn into a pumpkin. The Eurozone nations won’t be bailing the country out again after the deadline. Or so they say. For the life of me, however, I can’t understand why some ostensibly rational libertarians have joined Max Keiser and Stacy Herbert at RT in shaking the fist at the “banksters,” on behalf of the Greeks robbed.

Because EU manipulations have hurt Greece the most, some libertarians have concluded that Greece is the most victimized. That’s but part of the picture. True, the “apparatchiks of the EU” have aimed to create “one nation under inflation.” The EU superstate is especially bad for the unproductive Greeks. The same can be said for the effects of the European central bank and its beneficiaries: they harm the Greek people most.

But why discount the simpler realities of Greek’s political economy? As even this (unhinged) article concedes, “Greece had been on a steady path toward bankruptcy for 25 years.” Why not Germany, the workhorse of Europe?

Greece is among the least productive and most profligate EU countries. It’s a messy habit of mind that ignores this reality in favor of an analysis of macroeconomics alone. Thus, for example, Greece has a population of about 11 million, close on one million of whom were in the employ of the public sector, in 2009.

Is that 10 percent?????????????????????????????????????????????????????? Do you know what kind of liability that creates in perpetuity in terms of pensions and perks? The sovereign debt crisis has since forced the government to fire some parasites, but you get the drift.

As far as I know, Greeks have not voted to leave the EU and restore their own currency. This would indeed make them more competitive. And the Greek people have elected a socialist government that is resisting cuts to the public pension system, changes in the parasites’ retirement age (ridiculously young), and flexibility in sclerotic labor markets, socialized by the people’s choice. Would the Greeks rather starve than work? It seem so.

More Greece facts: “Greece deal: Seriously, what’s holding it up?”