50 billion euros in Greece, 70 billion euros in Ireland, 40 billion euros in Spain – one Euro-country after another is forced to support its banks with huge sums of money in order to equalize the losses incurred by money worldwide from bad loans.
The debacle over top jobs in the European institutions has drawn the wrath of the Eurosceptic press in the UK, unsurprisingly. The editor of the Daily Telegraph predictably uses the process itself to scorn the EU as “corrupt” but somewhat misses the point.
The WMD lies of the early 2000s have set the bar high for interventions based on military intelligence. And Syria has shown that without conclusive evidence, Europe isn’t about to send in the troops.
The political radicals will now have a far greater say and influence over the course of Europe. And it starts with the rise of the Greens in Germany.