Monday, April 30, 2012

The Netherlands Grapples with Insolvency

Paul Stragas, Greek journalist, is laughing at the downfall of the Dutch coalition government, which failed to create and pass a compromise annual budget of austerity and reality.

The Greeks have no right to laugh. They have received massive bailout for the past two years, with nothing but procrastination and profligation to show for their stalling efforts.
Changes in national governments over the looming Eurozone debt crisis are no laughing matter. In truth, the Dutch people have demonstrated a more consistent capacity to budget and cut unneeded and overdrawn expenses than her Meditteranean partners. It is shameful that those failing states have spent more time laughing and detracting member states, whichshouldering similar problems more adeptly, rather than rolling up their fiscal sleeves and tackling the cradle-to-grave entitlement spending. This fiscal crisis has discredited socialist democracy in Europe, yet at least the northern countries are tackling the financial problems which threaten their future fiscal stability.

If the voters of the European Union, including the most weakened member in the Aegean, insist on electing leaders with a penchant toward paternalism instead of stern maturity, then either the Euro must fail, or the business and finance sectors of Europe will stall for an indeterminate period, regressively frustrating any recovery, and perhaps rendering Germany, once considered too big for Europe, too small for the world, as forever too pressured to ressurrect a currency and a common market of participants who cheated their way in and will inevitably force themselves out.

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