Greece bombs the Euro (with apologies to Stanley Kubrick)
It has been an extraordinary sight, the slow descent of Europe into disarray as the dream of integration and further unity fades. Despite the European bureaucrats insisting they need more and more integration to rescue the dire predicament, the unfortunate reality is that such integration is actually tearing Europe apart.
The European experiment has failed dismally (as many knew it would), but the failure is particularly evident in the single currency. My home country was sensible enough to stay out of the Euro zone, and it is now becoming obvious that out of the Euro zone is by far the best place to be. Now the Greek Prime Minister has dropped a proverbial bombshell.
For anyone interested, two blogs stand out as providing unparalleled commentary on the unfolding events. Firstly, Autonomous Mind:
No one saw this coming. As the EU’s elite congratulated themselves on announcing their unfunded €1 trillion voodoo financial package, to shore up Greece and thus keep the Eurozone intact for a while longer, Greek Prime Minister, George Papandreou, was preparing to ask the Greek people if they accept the terms of the deal in a national referendum.
Moves are already afoot in Greece to declare such a referendum unconstitutional. The political class dare not ask the people what they want. It is not the EU way. The Greeks will almost certainly reject the deal, seeing it as an element of the austerity measures that have resulted in strikes and civil disorder. That will mean a default on their already huge debt, and crucially, despite all the EU’s assurances to the contrary, the likely departure of Greece from the Euro. (source)
Secondly, Richard North’s EU Referendum:
Fotis Kouvelis, leader of the small Democratic Left party argues that, instead of a referendum, the country must go to early elections. It’s the most honourable solution, he says. But with no party likely to win a clear lead, Papandreou might be gambling on the referendum giving him a new legitimacy, which will extend beyond the January and well into the next year.
But there is one issue – perhaps the elephant in the room – which is not being mentioned: the attitude of the Army. With a possibility of a military coup not being ruled out, we do not know who is pulling the strings.
For one brief moment though, we have a delicious certainty of knowing who isn’t. And even now, such has been the shock that we have not yet had a comment from either Berlin or Brussels. (source)
Many are predicting dark days ahead for Europe.
Australian Climate Madness 
It was good while it lasted, but like they said in the last ST:TNG episode, all good things…
Here in befuddled California, we have just followed the poor Aussies over the proverbial cliff by sagely adopting Cap-and-Trade. I was praying that Lord Monckton’s logical presentations would enlighten the warmists, but since when do liberals ever respond to logic? They always yearn to regulate, and more regulation is causing freedom in our Western civilization to perish.
Your men have stood with us against the totalitarian despots. We Americans remember that. Perhaps we all need to also remember: “It was for freedom that Christ set us free; therefore keep standing firm and do not be subject again to a yoke of slavery.”
According to the ‘New Scientist’ website the Greek debt crisis threatens more than the collapse of the euro and the European Union – it would also be a climate disaster.
“The climate always takes a back seat when economies turn sour … For a start, the (EU’s) Emissions Trading System would be unlikely to survive. That would all be swept away, along with any obligation for countries to deliver their 2020 targets on emissions, renewables and energy efficiency.
There is much more riding on the outcome of the Greek crisis than the future of Europe or even the world economy. The danger is that a euro collapse could destroy the capital and institutions needed to combat climate change.”
(I like this bit though … it’s laughable) – “It is bitterly ironic that the meltdown of a minor economy that has little to sell but sunshine could condemn the planet to uncontrollable global warming.”
All I can say is … BRING IT ON!
What does this have to do with the hoax of GoreBull warming? As a rightwing Europhile (and most of my fellow rightwingers in Sweden are Europhiles), I hasten to point out that debt, not the EU, caused the problems in Greece.
@Carl: That’s what OT means – “off topic”
I never was good with abbreviations. However, I otherwise always love your posts. Keep up the good work exposing this scam!
The analogy of where global climate policy is now compared to where the EU debate pre-introduction is staggering.
The EU was promoted by a band of self interested EU bureaucrats dreaming up an illogical economic union based around monetary policy theory. Monetary policy perhaps does not even work at all. But it certainly does not work when the central bank is a toothless bunch of over paid morons and the individual country banks and country central banks are doing their own thing pushed by individual country politics and a myriad of disparate economic factors not connected to a central Euro in anyway.
Compare this to a band of self interested IPCC bureaucrats dreaming up an illogical economic policy that connects tax to the climate, based on a theory of man made climate change that is more than likely not even true. And if man-made climate change were true then how do disparate countries, with disparate populations, economies and politics do anything to make a scrap of difference to emissions and the climate.
The conventional wisdom following sheep (read EU bureaucrats, IPCC, save the world wowsers and the media) clearly don’t learn from past mistakes. They just blindly follow the press releases to the slaughter house. And the coal fired power station has got the EU slaughter house operating at full capacity and they are just waiting for the flock to arrive.
Don’t miss the “New Science” article cited in the ACM post? It raises the concern that an EU meltdown would be catastrophic for the global climate. In doing so, it raises climate alarmism to a new level of arrogance and absurdity.
So Baldrick, there may be some positive outcomes from a Greek default?
1. An end to the Greenhouse Scam, at least in Europe.
2. A reassertion of European democracy following the demise of the EU with it’s creeping totalitarianism.
Firstly, I should say, there was never anything good about a political EU
It was built on so many lies, misconceptions and false ideals, it should have been buried long ago.
This move by the Greek PM is very welcome, and shows at last that some leaders have the balls to buck the eurocrats in their determination to rule with an iron rod….. For, make no mistake they still intend to rule… they have no inclination to “Serve” the people… that’s an olde idea they believe has had its day.
The EU has never before been so unpopular, as at last the majority of people on the street begin to see its true colours – Bright RED.
It’s an incompent regime that takes power unto itself to abuse the democratic process, and will be the death of freedom if its allowed to become fully formed.
The notion that the EU wants to load up the ECB with so much debt and the way they are trying to sell this debt abroad fills me with horrors, but the prospect that so many countries may never resolve their debts while being governed from Brussels within an inch of their democratic legitimacy is just too much to contemplate.
It’s not over yet I’m afraid.