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Einstein (allegedly) defined insanity as "doing the same thing over and over again and expecting different results".
Welcome to Europe, Continent of the Crazies:
Troublingly, the watered-down EU plan, which will be reviewed over the coming weeks, allowed for "exceptional circumstances" under which states may suspend the EU's stability and growth pact demanding a three per cent public deficit limit. In short, there's no EU bank rescue fund but there is an agreement to allow the European Union to become a potentially bottomless pit of public spending at the expense of European taxpayers. Of course, that is what the EU French Presidency terms a victory.
Emphasized my
thoughts fears, exactly.
Whatever Darling decides, the Government's plans must not simply be designed to mimic the actions of our German friends, of which the German minister, Wolfgang Schäuble, said on Monday: "We learnt from worldwide economic crisis of the 1920s and 1930s that and (sic) economic crisis can result in an incredible threat for all of society."
I choose to trust a German on that, and the current rise of all kinds of European Collectivism extremists—Fascists from the Far-right to the Far-left— makes for a distressing vindication.
We've seen it coming—correction, we
are seeing it coming—and kept warning each others but to no effect ; Boy, am I sick of this subcontinent, its people and their inability—or unwillingness—to learn from their own past mistakes.
©2002/2007 the dissident frogman