EU

European Energy Crisis

The European Energy Crisis May Be Back Soon

Unfortunately, the European Union bureaucrats declared the end of the energy crisis as if it were the result of decisive policy action, but the reality is that the energy problem in the EU was only diminished by purely external factors: a very mild winter and the decline in global commodity prices due to the central bank rate hikes. Thus, the energy crisis remains, and the problems of security of supply and affordability of the system persist.

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Europe by Heritage-Language

Catalan: Independence or Revolution?

On October 1st, the Catalonian region of Spain held a referendum similar to “Brexit” on whether they should leave Spain or not. But unlike Brexit and the vote in Scotland the results weren’t even close. In the vote in Scotland to split from England, the vote was close but narrowly voted to stay. In addition, prior to the Scottish vote Britain had given permission for the vote to occur in effect opening the door to the possibility. This was not the case in Catalonia where the Spanish Parliament is rabidly opposed to secession.

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Greece Should “Shoot the Dog and Sell the Farm”

The bell is tolling for Alexis [Tsipras]. European leaders from all sides have abandoned him as he burns through every last bridge that was once in place. His only meeting of importance during this crucial week of negotiation is with Putin – which clearly does not inspire any confidence for a near-term resolution.

It is actually amazing that we have not seen any of the left-leaning party leaders from the rest of Europe running to Tsipras’ side as he truculently engages his paymasters. Where are all these European anti-austarians? Of course they are hiding from the Germans, hoping not to receive the same fate as Alexis. So there he sits, alone and under his last Soviet-held bridge, just like Hemingway’s Robert Jordan. He is waiting to cause just a little more damage before his time is up.

In the end, there is no question that the Germans have executed a near flawless plan to humiliate and vilify Greece. The Greeks now stand as poster children for European profligacy. And they are being paraded through every town square in the EU, in shackles, as the bell tolls near the gallows for their leader.

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