News about the EU periphery is horrible. Now its core is in trouble.
Greece may yet leave the faux European Union (EU) by the end of this year after its economy remains in dire straits. It was never a qualifying state, but at least it kept its nemesis Turkey out.
Ireland and Portugal got their multi-billion euro bailouts to keep their economies afloat by passing the bill to fellow EU partners.
Spain is wobbling, but resists any talk of a bailout.
EU Center Collapsing
Germany and France have been the two principal authors of the EU experiment since its founding with the Treaty of Rome in 1957.
The Germany-France nucleus is now unraveling.
While Sarkozy's France seems to be stable, it is Germany, the EU's largest economy (nearly $3 trillion GDP), where attention now turns in light of two recent bits of news: another devastating electoral loss by Chancellor Angela Merkel's ruling Christian Democratic Union (CDU) Party and the Cucumber Crisis.
Lights out for Germany?
In another stinging electoral defeat this year, Chancellor Merkel's party lost an election in Germany's most populous state, North Rhine-Westphalia last Sunday. The CDU also lost control of its upper house of the German Parliament as a result, the Bundesrat.
Germany's bailout of Greece continues to exact a toll on Merkel's governance.
The political shift in Germany unmistakably away from the sane CDU could have a deleterious effect on an already hobbled EU going forward.
As an immediate reaction to election defeat, Merkel decided to essentially turn out the lights in Germany by ordering all nuclear plants extinguished by 2022, a concession to the wild-eyed Green Party. More energy will have to be pumped in from France and Poland at an added cost to German consumers.
Despite evidence abound, Germany will rely more upon a demonstrably failed wind power scheme to fuel the EU's largest economy. It is a very risky move for the country and the ailing EU around it.
Cucumber Crisis Crisscross
The Spanish cucumber crisis is more evidence of a Germany adrift.
An e.coli bacteria breakout in Hamburg last week has now claimed 14 lives across the country.
Fingers quickly pointed at Spain in more bad news for Madrid at a time of economic malaise.
However, now, German health authorities have backtracked leaving Spain the option to seek legal relief from the cucumber crisscross.
Spain faces a €43 million loss in wake of the false claims.
EU Death Throng
The EU continues to wither away. Now, even its core is crumbling.
While German Chancellor Merkel is expected to run for a third term in 2013, that looks less certain in the wake of the electoral defeats for her party and her unsteady leadership in face of truly difficult issues.
Berlin will regret the wind energy folly over the safety and certainty of nuclear energy.
The unwarranted highly-publicized panic to pin the cucumber crisis on Spain shows more than poor judgement. In the larger scheme, it is yet another sign of the faux EU.
A high level of mistrust runs deep between the member state capitals. The ghosts of history stalk the EU.
To undermine another national economy so recklessly is beyond excusable.
No, the EU is in its death throng. The collapse of steady and sane governance at the EU's core, Germany, marks another milestone in the organization's checkered history.
The silly Euro elitist experiment is coming to an end and not all of the overpaid and underworked bureaucrats in Brussels can put it back together again.
***If you need research from open sources in Spanish, French, or Portuguese and presented in a stylish English language report or a translation of documents in said languages to English, please contact Professor Winn at by sending an email to mrenglish101@gmail.com for a prompt evaluation.
Global Security Headlines
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment