Tuesday, November 30, 2010

The coming EU aftermath based upon the latest Wikileaks

According to Wikileaks, President Sarkozy is the 'Emperor with no clothes', while Sivio Berlusconi is 'Feckless, vain and ineffective as a modern European leader' both quotes linked here, so what conclusions can we draw as to the future course for the crumbling EU following the widespread hikes of EU yields on yesterday's bond markets following the detail of the planned extended crucifiction of the Irish people?

Angela Merkel, the German leader, 'is the "undisputed" leader of the EU because no other European leader is man enough for the role', here, yet elsewhere she is described as being entirely concerned with domestic politics. Both indications that we must now look towards Berlin for the next moves in the EU unravelling.

Constitutionally Germany was already on thin ice over deep water with the Irish bailout coming after the Greek exception. Now with Portugal, Belgium, Spain, Italy and eventually even France facing excessive interest costs these latter basket cases will certainly prove far too much for any political party seeking election in Germany in the foreseeable future to try to help, even if aided by Finland, Austria and Holland and charging ever higher interest rates (approaching usary levels) which now seem to be in view.

Naturally Britain, with its pathetic and enfeebled leadership, will play no part as these great and momentous events unfold, we can only await with interest to learn how accurate are the US diplomatic descriptions of our craven, self-serving and thoroughly despicable political leaders!



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