Wednesday, October 26, 2011

Leadership is Lacking

The Europe needs to get some head:

The latest summit in Brussels marked a turning point in the euro crisis that has been raging for two years now. For the first time, the denial of Europe’s leaders about the true gravity of the situation seems to finally be lifting.
That’s a strange sort of solace to take. What they have done is wait too long for too long.

Much like their vaunted celebration of their unity, one-ness, etcetera, born largely out of the fact that it only took a millennium of murdering on another to get there, the idea that they would call this week’s events a breakthrough is somewhere between bizarre and a sad attempt at positive spin.

I mean, try to find the rah-rah, we are one unity in this:
The report of “Troika” inspectors from the International Monetary Fund, the EU Commission, and the European Central Bank reads like a horror story. It also calls into question all of the previous attempts to rescue the euro.
It makes one sentimental for endless general strikes the good old days of Italian governments lasting about 4 months. Oh. Wait a minute.

Still worried about revanchist “each man for himself” nationalism, are we?