The #eurozone house of cards is quaking - again.
The $125 billion non-rescue rescue of Spanish banks is just another chapter in the eurozone thriller as worry now shifts to Italy.
Three headlines wrap up the current eurozone crisis:
EU Floats Worst-Case Plans for Greek Euro
Worry for Italy Quickly Replaces Relief for Spain
Esta vez, Europa está de verdad al borde del precipicio
(This time Europe is truly on the precipice)
Does Germany have enough faux currency - euros - to save the faux union, EU?
Doubtful.
***
Peace through strength.
Tuesday, June 12, 2012
Saturday, June 9, 2012
#France, au contraire
#Socialist Party top functionary-turned-President of France, François Hollande, expects sweeping gains in parliamentary elections tomorrow (Sunday) while Europe braces for the consequences.
The French Left is feeling its oats after more than a decade in the wildnerness.
Its ascendency to power could not come at a worse time for L'Hexagone and the house of cards known as the European Union (EU).
Undercutting NATO
On top of the four French soldiers killed this weekend, Hollande vows to cut-and-run from Afghanistan in July. The speedy retreat is set for the end of the year.
NATO's credibility will be in tatters by the time its operations wrap up in the SW Asian country.
Undercutting Germany-led EU
The "Mer-kozy" relationship between Paris and Berlin is ruptured.
The twin engines of the pan-European vision from the beginning at the signing of the Treaty of Rome in 1957, France and Germany cannot be farther apart than now.
Hollande wants to outspend Sarkozy against the tide of imposed austerity on EU states as the entire project is called into question because of its rocky economic foundation - socialism. It has never worked wherever tried.
The split between France and Germany on the future of the EU dooms the already teetering house of cards.
Undercutting France
A political hack without any policy experience, Hollande continues to steer France to the fiscal cliff.
As southern neighbor Spain nears yet another bank bailout for the eurozone, Hollande intrepidly pushes ahead with risky economic schemes.
He has already fulfilled a campaign commitment to rollback the retirement age to 60 from 62, nixing a moderate Sarkozy policy switch. This, when the socialist states of the EU cannot afford their welfare states now.
Madame "35 Hours Work Week" Martine Aubry, a party rival and new Socialist leader, and with estimable credentials in capitalist economics, urges higher taxes because the French do not pay enough now.
The classic Socialist economic elixir comes to France (welcomed by the voters no doubt) as capital flight speeds up before the brewing storm wrecks the country.
Conclusion
Elections have consequences.
The French grew tired of the Right and its antics.
While the Socialists were a minority for over a decade for good reason - voilá - they are back. There is no change from the confiscatory slow-growth policies from the past.
President Hollande is ill-equipped to lead L'Hexagone and those around him even less.
National politics still dictate the course of the EU despite the hopes of its founders of a pan-European project of "one for all and all for one."
Now finally reality bites the quixotic EU plan. "Everyone for himself" is now the slogan as long as German taxpayers do not tire of subsidizing their neighbors.
France's swing to the Left will only hasten the EU's demise.
*** Peace through strength.
The French Left is feeling its oats after more than a decade in the wildnerness.
Its ascendency to power could not come at a worse time for L'Hexagone and the house of cards known as the European Union (EU).
Undercutting NATO
On top of the four French soldiers killed this weekend, Hollande vows to cut-and-run from Afghanistan in July. The speedy retreat is set for the end of the year.
NATO's credibility will be in tatters by the time its operations wrap up in the SW Asian country.
Undercutting Germany-led EU
The "Mer-kozy" relationship between Paris and Berlin is ruptured.
The twin engines of the pan-European vision from the beginning at the signing of the Treaty of Rome in 1957, France and Germany cannot be farther apart than now.
Hollande wants to outspend Sarkozy against the tide of imposed austerity on EU states as the entire project is called into question because of its rocky economic foundation - socialism. It has never worked wherever tried.
The split between France and Germany on the future of the EU dooms the already teetering house of cards.
Undercutting France
A political hack without any policy experience, Hollande continues to steer France to the fiscal cliff.
As southern neighbor Spain nears yet another bank bailout for the eurozone, Hollande intrepidly pushes ahead with risky economic schemes.
He has already fulfilled a campaign commitment to rollback the retirement age to 60 from 62, nixing a moderate Sarkozy policy switch. This, when the socialist states of the EU cannot afford their welfare states now.
Madame "35 Hours Work Week" Martine Aubry, a party rival and new Socialist leader, and with estimable credentials in capitalist economics, urges higher taxes because the French do not pay enough now.
The classic Socialist economic elixir comes to France (welcomed by the voters no doubt) as capital flight speeds up before the brewing storm wrecks the country.
Conclusion
Elections have consequences.
The French grew tired of the Right and its antics.
While the Socialists were a minority for over a decade for good reason - voilá - they are back. There is no change from the confiscatory slow-growth policies from the past.
President Hollande is ill-equipped to lead L'Hexagone and those around him even less.
National politics still dictate the course of the EU despite the hopes of its founders of a pan-European project of "one for all and all for one."
Now finally reality bites the quixotic EU plan. "Everyone for himself" is now the slogan as long as German taxpayers do not tire of subsidizing their neighbors.
France's swing to the Left will only hasten the EU's demise.
*** Peace through strength.
Worrying Turn in #Syria Crisis
The UN's point man on the Syrian Crisis, the former chief of the ineffectual organization, Kofi Annan, wants Iran to enter the talks to resolve the situation.
This is the problem with muddle-headed multilaterialism. Not every country at the table is an equal or shares the same values or interests as the others.
The least common demoninator always prevails and as massacres of civilians climb, is that really what the world needs now?
Wrong Move on Iran
Iran is a terrorist state and an international pariah that does not have a clean hands with the UN or any other legitimate international organization.
Because of Iran, the Asad Regime has been able to hold onto power so far. With its partners Russia and China, inserting Iran into the equation only complicates the vision of a post-Asad Syria.
Iran, China, and Russia do not want a post-Asad Syria!
Mr. Annan, always an amiable dupe for the forces of wrong in global conflicts, again shows his poor understanding of global politics, at best.
Iran-Syria-Hizbollah Axis
Western interests are to break the Iran-Syria-Hizbollah Axis of Evil.
Syria is the fulcrum and without "The Lion" Asad at least one terrorist mafia is broken and lives are spared.
Of course that is of no concern for Mr. Annan who sees no difference in any side and continues to play the role of a menace on the world stage.
Asad Must Go
The former London-based pediatrician-turned-dictator after Papa Asad passed no longer has any legitimacy, if ever.
His army is in rebellion. The grip on perennial puppet-state Lebanon is tenuous.
That does not automatically mean the "Syrian Opposition" is the best-equipped to replace him.
One of the dominant players lurking is the Muslim Brotherhood.
Conclusion
While the constantly changing Kaleidescope that is Mid Eastern politics is not so easily understood, the merciless deaths of so many Syrian civilians caught between warring factions is.
A humanitarian crisis underlies the struggle at the "peace talks" among world powers to find a way out of the cul-de-sac that is the Syrian Crisis.
Iran is part of the problem, not part of solution. Surely even Mr. Annan can appreciate that point.
*** Peace through strength.
This is the problem with muddle-headed multilaterialism. Not every country at the table is an equal or shares the same values or interests as the others.
The least common demoninator always prevails and as massacres of civilians climb, is that really what the world needs now?
Wrong Move on Iran
Iran is a terrorist state and an international pariah that does not have a clean hands with the UN or any other legitimate international organization.
Because of Iran, the Asad Regime has been able to hold onto power so far. With its partners Russia and China, inserting Iran into the equation only complicates the vision of a post-Asad Syria.
Iran, China, and Russia do not want a post-Asad Syria!
Mr. Annan, always an amiable dupe for the forces of wrong in global conflicts, again shows his poor understanding of global politics, at best.
Iran-Syria-Hizbollah Axis
Western interests are to break the Iran-Syria-Hizbollah Axis of Evil.
Syria is the fulcrum and without "The Lion" Asad at least one terrorist mafia is broken and lives are spared.
Of course that is of no concern for Mr. Annan who sees no difference in any side and continues to play the role of a menace on the world stage.
Asad Must Go
The former London-based pediatrician-turned-dictator after Papa Asad passed no longer has any legitimacy, if ever.
His army is in rebellion. The grip on perennial puppet-state Lebanon is tenuous.
That does not automatically mean the "Syrian Opposition" is the best-equipped to replace him.
One of the dominant players lurking is the Muslim Brotherhood.
Conclusion
While the constantly changing Kaleidescope that is Mid Eastern politics is not so easily understood, the merciless deaths of so many Syrian civilians caught between warring factions is.
A humanitarian crisis underlies the struggle at the "peace talks" among world powers to find a way out of the cul-de-sac that is the Syrian Crisis.
Iran is part of the problem, not part of solution. Surely even Mr. Annan can appreciate that point.
*** Peace through strength.
Saturday, June 2, 2012
#Iran Fools Again
The slow sleep walk that is Iran's not-so-secret quest for a militarized nuclear program, and the ICBMs to deliver warheads to Tel Aviv, Paris or Washington continues unabated and worse, unopposed.
Iran balked again in the latest failed talks - a pattern that the Western powers just never seem to learn their hard lesson - Iran's nuclear program is non-negotiable.
While the Western powers, beset by economic malaise and domestic politics, continue to dither and allow China and Russia to protect Tehran in their proxy war against the West, Iran marches forward now with enough highly-enriched uranium for probably five bombs.
Obstacles: China and Russia
The white elephant in the room of the entire Iran Imbroglio is the proxy war between the Western powers and China and Russia.
It is evident in the showdown over Syria, too.
Like Tehran, Damascus is a friendly client-state and does the bidding for Moscow and Beijing in the region.
Is that bidding for good or for evil?
Both Syria and Iran are two cancers in the Mid East region as state sponsors of terrorism and regional goals incompatible with a lasting peace.
US Fecklessness
Add US fecklessness under the current Obama Administration and you have a region on the brink.
The unceremonious abandonment of Mubarak, a long-time ally in Egypt, has only heightened regional tensions and boosted radical Islamic influence. The repercussions are only now manifesting.
The forces against freedom - across the world - have been given a gift for four years with the current administration in Washington that sees the US more of a threat to world peace than its sworn enemies.
Nuclear Iran
It has been the position of GSM for awhile that Iran has already joined the nuclear club. The talks are folly and only allow Tehran to consolidate its gains.
It is also unlikely the negative regime in Tehran will altruisticly decide to cast away its chip on the world chessboard. Is there any example in world history for this to happen?
The time period of 2001-2012 will be remembered when Iran was allowed to achieve nuclear primacy - unopposed - and a nuclear nightmare began for those who truly want peace and security in a dangerous world.
*** Peace through strength.
Iran balked again in the latest failed talks - a pattern that the Western powers just never seem to learn their hard lesson - Iran's nuclear program is non-negotiable.
While the Western powers, beset by economic malaise and domestic politics, continue to dither and allow China and Russia to protect Tehran in their proxy war against the West, Iran marches forward now with enough highly-enriched uranium for probably five bombs.
Obstacles: China and Russia
The white elephant in the room of the entire Iran Imbroglio is the proxy war between the Western powers and China and Russia.
It is evident in the showdown over Syria, too.
Like Tehran, Damascus is a friendly client-state and does the bidding for Moscow and Beijing in the region.
Is that bidding for good or for evil?
Both Syria and Iran are two cancers in the Mid East region as state sponsors of terrorism and regional goals incompatible with a lasting peace.
US Fecklessness
Add US fecklessness under the current Obama Administration and you have a region on the brink.
The unceremonious abandonment of Mubarak, a long-time ally in Egypt, has only heightened regional tensions and boosted radical Islamic influence. The repercussions are only now manifesting.
The forces against freedom - across the world - have been given a gift for four years with the current administration in Washington that sees the US more of a threat to world peace than its sworn enemies.
Nuclear Iran
It has been the position of GSM for awhile that Iran has already joined the nuclear club. The talks are folly and only allow Tehran to consolidate its gains.
It is also unlikely the negative regime in Tehran will altruisticly decide to cast away its chip on the world chessboard. Is there any example in world history for this to happen?
The time period of 2001-2012 will be remembered when Iran was allowed to achieve nuclear primacy - unopposed - and a nuclear nightmare began for those who truly want peace and security in a dangerous world.
*** Peace through strength.
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