Saturday, April 22, 2017

Hubris Destroys the European Union

The European Union was a good idea.  In theory, having a common currency, open borders, and free movement of goods and people brought Europe the advantages that the US has always enjoyed.  But bureaucracy, hubris and incredible stupidity will, in time, bring the Europe Union experiment to an ignominious ending.  Well deserved.

The arrogance of the leaders of the European Union are hastening the end of the European Union.  There was never a need to bail out Greece or Ireland and there is no need to bail out Italy, Spain, etc.  These countries should be permitted to declare bankruptcy (as Detroit did in the US). 

The absurd bailout programs put the savings of hard-working Europeans in jeopardy to bail out countries like Greece, notorious for squandering public and private wealth.  That policy had no chance of working and inevitably posed the question as to what value there was in EU membership.

To make matters worse, Merkel and Sarcozy and the Brussel bureaucrats initiated the refugee policy that has de-stabilized almost every European country and has created domestic economic and political problems for all the of the larger members of the EU.  There was no reason to adopt this absurd policy and the EU will not survive it.  As it shouldn't.

As in the Obama nightmare in the US, the Merkel-Sarcozy nightmare in Europe placed bureaucrats in control and average citizens were left to bear the brunt of arrogant, unfeeling, absurd policies.  The Obama bureaucrats and the EU bureaucrats live in leafy neighborhoods and are funded by average taxpayers who have to contend with atrocious policies that they have been foisted upon their countries.

So, a good idea became a political and economic disaster. A replay of the Obama nightmare that the US is only just beginning to escape from.  Europe will make its escape as well.  Watch what happens in the French elections on Sunday.  The French want their country back.

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