Irish Foreign Minister resigns. EU Misrule.

Michael Martin, resigned as Irish Foreign Minister, last evening, following Brian Cowen winning a vote of confidence in his Fianna Fail party. The governing coalition in Ireland must now approve the EU/IMF rescue package before holding a General Election, which the Irish Times reports is likely to lead to Fianna Fail disappearing into oblivion, read here.

This fiasco is a direct result of individual nation states handing powers to the EU which it is ill-equipped (to say the least) to undertake, let alone efficiently fulfill. The latest lunacy in this long history of incompetence, which inter alia has robbed the surrounding seas of Europe of their fish,  is the appointment of a Portuguese bureaucrat to oversee its pension arrangements, based in Frankfurt, read here and even more astoundingly of an Italian for London's Banking authority and a Dutchmen for the Securities and Markets Authority based in Paris, read here.

Anybody believing in individual effort leading to reward and the free market system of capitalism be warned, in the EU you will be robbed and destroyed by the looters and moochers as vividly characterised in Ayn Rand's Atlas Shrugged.