Bonfire of the Absurdities in News New Format

Don’t look now but the EU fiscal union is dead

NEIN, NEIN, NEIN, and the death of EU Fiscal Union. “If this means the euro will shed some members or blow apart – as it almost certainly does – then the rest of the world must prepare for the day.” Germany has drawn a line in the sand, and refuses to keep throwing good money after bad. German national guilt over World War II may have finally reached its limit.

This post was last modified on October 8, 2021

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Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (2)

Anonymous says:

October 1, 2011 at 2:00 pm

Yes yes yes!

Without Germany and the scandinavian countries, the EU is nothing but a failure.
poppajoe49 says:

October 1, 2011 at 6:01 am

Angela Merkel has decided to swing away from the socialist economy that has been the standard in Germany for a long time, and the people are starting to like it. Prosperity does have its advantages, and they are finding this out. Now along comes the rest of the socialist EU wanting now prosperous Germany to bail them out! Well, surprise, surprise! Now that they are having a taste of the good life, nobody wants to give it all away to those that haven't been responsible.
Typical of the ant and the grasshopper.