Day: May 24, 2010

Greece, Thailand, America, and the Rapture

Terry James 90x115 by Terry James

Greece and Thailand face mobs of addicted citizenries that have been put on rations. Having for years been the wards of government-engendered employment and socialistic largess, the people of those nations are enraged by the realities of painful withdrawal.

Greece has been required by the European Union to put into effect severe austerity measures in order to qualify for a massive bailout. Without the almost trillion-dollar infusion, Greece would become insolvent, a thing the EU and Western democracies cannot allow to happen.


Will the European Union Survive?

Todd Strandberg 90x115 by Todd Strandberg

There has been a flurry of negative news about the health of the European Union. It seems like everything that could possibly go wrong has done so. The outlook is so bad, some economists are talking about the eventual demise of the European Union.

Angela Merkel, German chancellor, told Parliament in Berlin that the Eurozone crisis was the greatest test for the European Union since its creation. “It is a question of survival,” she said. “The euro is in danger. If the euro fails, then Europe fails. If we succeed, Europe will be stronger,” said Merkel.