Friday, May 14, 2010

Greeced Frightening

European Union bureaucrats in Brussels should be very scared of the impact of the Greek financial crisis. They should be frightened because what caused it undermines the very foundation of the European ideal that they have built:

The wonder of the Greek implosion was not that it came so soon, but rather — given the pan-European phenomena of early retirement, declining populations, bloated public sectors, and militant unionism — that it took so long. In some sense, the dream of the European Union — a continental democratic socialism that offered a Western liberal antithesis to the United States — is now finished. Let us count the reasons why.

I hope the EU dies. It isn't in our national interest to support it. It sure isn't in the interests of Europeans to support it. If Brussels isn't scared, they aren't paying attention.