Global Security Headlines

Wednesday, June 16, 2010

Sick Spain nears EU Presidency Exit

El País, one of Spain´s national dailies, publishes a  paradoxical headline late Tuesday evening online: Zapatero defiende la solvencia de España en la cumbre de la UE (Zapatero Defends Spain´s Solvency at EU Summit).

Spain heads the EU until the end of June. The Spanish term began with such high hopes after finally getting Ireland to agree to the latest EU treaty revision.

Six months later, Spain has contributed mightily to the further destabilization of the entire EU project with its dire economic straits.

Unfortunately, Spain makes Greece look like a walk in the park.

The effete President of Spain, Socialist Jose Luiz Rodriguez Zapatero, is out of ideas because socialism is at its foundation a bankrupt economic model.

Now France has joined Spain in pushing aggressive pension reforms to try to stave off the inevitable culmination of quack economics - financial ruin.

The hardline unions in both countries are already crying in the streets, completely tone death to the economic precipice on which the EU rests.

The European Union is evaporating right before our eyes, just as GSM has long argued. The faux union and the faux euro currency are now in their death pangs.

Is France next? Then the EU project will certainly be fini!

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