Austria proves again why the EU needs to listen more and talk less


God gave us two ears and one mouth so that we’d listen more and talk less,’ so the old saying goes This is what the EU gets for trying to bully its member states. It wasn’t long ago that EU President Jean-Claude Juncker was telling Austrians that if they democratically elected Norbert Hofer of the right wing FPO then the EU would remove Austria’s voting rights and cut off any transfers. Well the Austrians have voted for a conservative anti-immigrant party (which wants a programme to get immigrants to assimilate with the local culture) with a 31yo leader, Sebastian Kurz. His People’s Party garnered 31.4% (+7%) of the vote with the far-right wing FPO coming in second at 27.4% and incumbent Social Democrat Party coming in third with 26.7%. The Greens will probably not make the cut off of 4% to make a party, So once again the EU has had yet another major repudiation of its totalitarian ideals.

CM has been making the point for ages that forcing one’s beliefs onto others must be done in a way that listens to the other side. Otherwise it delivers results like Trump. It seems the EU hasn’t learned a thing.

So what have we had?

-Le Pen garnered 1/3rd of the French vote (double the best ever achieved by Front National),

-the far right Freedom Party’s (FPO) Norbert Hofer still managed 46% in Austria farcical re-run presidential election),

-Geert Wilders’ 25% increase in seats for the anti-immigrant PVV in The Netherlands,

-the surge in the Sweden Democrats to the top of the recent polls, Elections in 2018.

-Italy’s referendum which turned into a backdoor vote to oust PM Renzi. Elections in 2018 likely.

Brexit (although PM May is handling negotiations in true British efficiency – Fawlty Towers ring a bell?),

the Swiss handing back a 30yr standing free ticket to join the EU,

-the AfD in Germany getting 13% of the vote (Merkel may have won but it was her party’s worse showing in 7 decades)

…these don’t look like promising trends for an EU which is already badly listing. Despite ample warnings the EU refused (and still refuses) to change its course or exercise due care. It just issues more threats.

While the left openly voices its rage at these ‘right-wing’ parties growing in support, they never bother to seek reasons why. The right are generally just dismissed as racists, bigots or worse.  Major party loyalty has never been worse. The fabric of the loyal party voter base is wearing thinner. Take Australia’s One Nation Party led by Senator Pauline Hanson. The popularity of the mainstream LNP and Labor Parties is at record lows. One Nation is now 10% of the vote from 2% several decades ago. While some parties may claim their loyal base has abandoned them the stronger case to be made is the clear shift of the parties away from their once faithful constituents. Why?

Incumbent governments seem to cower at receiving negative news from the 24-7 polling cycle that is social media. Being careful to avoid inviting attack, they pander to all of the socially acceptable agendas – climate change, gender fluid bathrooms, laws clamping down on free speech, open borders and afffirmative action.

However political correctness is clearly not the answer as these results across Europe and elsewhere show. People are sick of the brow beating by socialist activists. Tired of the constant protests and social justice bleating. The NFL might find that most of its fans are against police brutality but they aren’t wanting a weekly lecture in grievance politics with the price of entry or their cable TV channel. Growing weary of the idea that it is ‘free speech’ and anything against those ideals are deemed ‘hate speech’. It is not to deny some positions are not necessarily palatable but in the marketplace of free speech, ridiculous positions can easily be disproven. Better to give extremist voices a chance to talk and invite public opinion on them at their own peril. Shutting it down forces it underground., making it inherently more dangerous.

Too many mainstream political parties are moving off the policy reserve that defined them so their once loyal followers are actively seek ones that will. While Hanson’s One Nation or Senator Cory Bernardi’s Australian Conservatives may not tick every box to existing LNP voters, they cover enough of the positions that matter to them that they’ll tolerate some of the more out there ideas. It is not uncommon to hear the left complain at One Nation’s is growing popularity at the expense of the Greens but it is a devil of their own making.

So will the EU listen to the Austrian call? Will it pay attention to the Hungarians who voted over 98% against accepting forced migrant quotas? Think through the logic. If you were an asylum seeker, would you think your chances of unincumbered settlement would be best placed where 98.4% of the population doesn’t want you? It is irrelevant whether we think the Hungarians are insensitive brutes not to extend a welcome to those that are legitimately in need. It is their country and their democracy has spoken. If Brussels assumes to dictate to Hungary how it wishes to protect its culture and whatever it holds precious, why shouldn’t the EU have the same rights to enforce income tax, housing benefits and anything else it sees fit? Of course it is a preposterous notion.

It will not be long before the EU will be front and center on Greece. Let us not forget that the EU colluded with Goldman Sachs to ‘fiddle’ the accounts to make Hellas much prettier optically than it was. Was this pig without lipstick it wouldn’t have gained acceptance to the club. So the EU is not in a position to claim innocence over a deliberate ploy to ram-road the Greeks into its federal state yet have no qualms treating it with disdain. Talk about double standards.

In all seriousness the treatment of the Greeks by the EU is despicable beyond words. So for all of the left’s blind love for the EU and its socialist agenda, 36% of Greeks live below the poverty line and 58% of the youth are unemployed. So for all of the EU’s shared sense of purpose and equality, that means many can’t access affordable healthcare because it is generally provided by corporates and when you lose a job you lose the healthcare. This means many are forced to use A&E of major hospitals which are now overcrowded and understaffed as more doctors are leaving to seek better fortune for their services elsewhere.

If that wasn’t enough, mothers who had given birth were being restricted from taking their new-borns home if they couldn’t pay the hospital fees. While the government has banned this practice they have introduced new laws to allow the seizure of assets (e.g. homes) if debts are not settled.

Shortly, the Greeks are coming up for discussion over its debt position and austerity. With just months left before Greece’s latest lifeline expires, officials directly involved in the country’s bailout say they don’t have the stomach for contingent aid program when the current one expires in August 2018. While the EU and Athens are battle worn after 7 years of this knife edge rescue,  Greece will need to show it can go it alone but it’s eurozone creditors will be reluctant without further strings attached.

Here is betting that the EU doesn’t heed the lessons that have been ringing loud and clear for years. Sincerely hoping Greece leaves the EU and lets market forces revive its economy. Better to die on its feet than live on its knees.

NATO Facts and why Macron’s arrogance is no better than Trump’s


While social media splashes around a US contribution to total NATO spend of 73% it in reality is a third of that. Only the USA and UK spend over and above NATO commitments as outlined in the chart above. Even the Greeks meet half the requirement! Germany is below not only NATO guidelines but the media would never tell you that. Trump has a point. In fact the reason much of the military spending numbers below the requirement stems more from inefficiency than anything else.

What many fail to understand is that salaries and benefits (housing, education and healthcare) for military staff tend to consume 3/4s of the budget. Procurement is a dog’s breakfast and influenced by age of fleets, battalions, interoperability and so forth. While NATO isn’t exactly group buy the us wins by default of having access to the best cost/performance equipment allowing better bang for the buck. Little Estonia can’t get the same economies of scale.

The “contribution” (click here) question is clouded by two things. Under Obama, the US has cut its NATO contribution from 5.29% of GDP when he took office to 3.6%. NATO Europe had met the minimum expected contribution of 2% but this has slumped from the tech bubble collapse of 2000 to 1.47% today which has meant the only thing keeping NATO’s overall budget above target has been Uncle Sam!


So once again social media muddles a message. It takes 10 seconds to go on NATO’s website and fact check.

Instead the media is more focused on pointless clickbait on whether Trump can hold Melania’s hand without being swatted away or who won the vigorous handshake contest – he or Macron. In fact Macron’s deliberate snub Of Trump when he met all the leaders spoke volumes. He made no conscious effort to shake his hand first. He made a point of sucking up to his EU cronies first and spent needless time making worthless chitchat before even acknowledging the leader of the strongest nation on earth. We shouldn’t be surprised. Best have Trump inside the tent p1ssing out than outside p1ssing in.

Even if they want to delegitimize Trump they play a silly game. Much like business leaders being bullied on social media to leave Trump’s business council (Uber chickened out), the EU plays a dangerous game of isolating Trump. If they want to prevent him from being the “unhinged” orange buffoon they think he is they’d do much better to be welcoming, accommodating and flattering his eminence. That way they can bring balance and find common ground. They show no signs of even beginning to try. By snubbing him they shouldn’t be surprised if he acts independently. Yet Macron acts no better than Trump and the media lavishes praise on the exact same antics they crucify The Donald over. Typical double standards.

Be careful what you wish for! The world needs a healthy US and stunts like this only fray the lines of trust and partnership further. Sure, the America First policy stance is affronting but if the EU want to expedite the process then keep up the Trump bashing. It doesn’t mean Trump bumping (hey Trudeau did it in Canada to a female member of parliament) other dignitaries shows good character but he knows he’s being ridiculed and the media sees it as their only form of attack. The problem is they forget 75% of Republicans STILL approve of his job performance.  He may only be doing a C+ on performance in office but he isn’t anywhere near the F- portrayed by the media.

Macron has boarded a modern day Titanic but Le Pen has stolen over a third of the life boats


The Titanic was most infamous for being an unsinkable ship. We all know the tragedy of its maiden voyage. Folklore tells us that to calm the passengers, the band played as the ship went down. The cautionary tale is one that fits the EU almost too perfectly. Macron’s win is akin to the EU playing the band (well Macron did play the EU anthem for his victory speech rather than La Marseillaise) all the while the Hard Brexit iceberg has ripped a huge hole below the waterline of SS Titanic II. The problem is the EU continues to behave as if the SS Titanic II is indeed unsinkable. Le Pen’s loss is much like believing the water tight compartments will keep the ship afloat. They couldn’t be more wrong as chief designer Thomas Andrews told White Star Line boss J. Bruce Ismay – who protested she was unsinkable- “She’s made of iron, sir! I assure you, she can… and she will. It is a mathematical certainty.”

The SS Titanic II’s crew treats its customers with varying levels of service. It entertains Lady Merkel and Lord Macron in proper first class fashion but for steerage passengers like the Greeks, Spanish and Portuguese they are kept locked below deck. The Greeks were willingly given passage on the SS Titanic II in full knowledge they possessed forged promissory notes as they boarded. The belief was that when they landed on the other side of the Atlantic they’d be able to work it off. Sadly the crew has finally realized it is futile and are now demanding they hand over whatever they have left before handing out life jackets. Moreover they must promise if they’re let out of steerage they must stay chained to the Master at Arms.

In all seriousness the treatment of the Greeks is despicable beyond words. 36% of Greeks live below the poverty line. 58% youth unemployment. That means many can’t access affordable healthcare because it is generally provided by corporates and when you lose a job you lose the healthcare. This means many are forced to use A&E of major hospitals which are now overcrowded and understaffed as more doctors are leaving to seek better fortune for their services elsewhere.

If that wasn’t enough, mothers who had given birth were being restricted from taking their new-borns home if they couldn’t pay the fees. While the government has banned this practice they have introduced new laws to allow the seizure of assets (e.g. homes) if debts are not settled.

Naturally the EU wishes to keep control over the way Greece handles its economic affairs but using the nation’s defiance of autocratic rule from Brussels as a weapon against it shows how little the federal state truly cares for its members. Deeds, not words. It promised to punish steerage countries, Spain and Portugal, for breaching debt covenants. This is the real EU. It is a supranational. A federation through the back door.

The Brexit vote is without a doubt the most damaging iceberg for the EU. The gaping hole it exposes is far more serious than any perceived phyrric victory through Macron’s win.

The issue here is that if Hard Brexit (May is likely to get the majority she needs on June 8th to push for it) is shown to work for the UK (likely) and the idea of extortionate exit penalties are legally unenforceable (confirmed last week) then the risks of jumping ship are sharply lowered. The problem for the EU is that there won’t be enough life boats to save all the crewreaucrats when more member states realize self preservation is the only viable option.

Le Pen’s 1/3rd of the vote, Hofer’s 46% in Austria, Wilders’ 25% increase in seats in The Netherlands, the Sweden Democrats jump to the top of the polls, Italy’s ousting of Renzi, Brexit, the Swiss handing back a 30yr standing free ticket to join…these don’t look like promising trends for an EU which is already badly listing. Despite ample warnings the EU refused (and still refuses) to change its course or exercise due care.

Will Captain Juncker go down with his unsinkable ship or follow Seamen Martin Schulz off before it is too late?

Over 10.6 million Frogs want to jump out of the EU’s boiling pot


While the media and the EU will no doubt be jumping for joy they’ll overlook the fact that over 1/3rd of the French who voted, or over 10.6 million, want to jump out of the EU’s boiling pot. Think about that number – over TEN POINT SIX MILLION.  Le Pen’s father only managed slightly better than 5mn or 17.8%. Macron won convincingly (Twitter follower growth ratio accurate again) although one can hardly call 1/3rd of a population backing a far-right nationalist something to celebrate.  It is a damning figure. Period.

The extent of the Le Pen gains should be viewed by the EU as a terrible omen. However many of the Brussels brigadiers have ignored it already as their tweets make painfully clear.

After losing 15 out of 15 referendums against it  the EU desperately needs reform. The Dutch election was still a strong win for Wilders and Rutte only saved seats by adopting a more anti-EU stance. The pro-EU Dutch leftists were slayed. The Swiss recently handed back their long standing invite to join the EU. The Austrians almost voted in the far right FPO and after Greens President van der Bellen recently said all women may be obliged to wear the hijab to show cultural sensitivity they may well think to do that next time. The right wing Sweden Democrats are well ahead in the polls looking to win the 2018 election. The Italians are on the way to vote in the eurosceptic M5S party as their referendum last year on parliamentary reform became a free kick to boot out the establishment. Hungary’s Orban has had enough of the EU’s directives on migrants. Greece is being forced to sell its assets in order to secure another bailout and submit to being a Brussels’ (Berlin?) protectorate despite the EU bending over backwards with the help of Goldman’s creative accountants to get the Greeks into the club. This will not end well as Greece has 37% poverty, 58% youth unemployment and a soaring suicide rate. Now almost 10.5mn French now think the EU is not working. Brexit anyone?

The problem with elections is that even though Macron will serve 5 years, over 1/3rd of his citizens are not happy with the state of terrorism, unemployment and the EU. If Macron doesn’t solve for these problems, Le Pen’s 2022 chances grow and she’s already calling for a radical overhaul of Front National.

The press was making Macron to be a tough negotiator on Brexit. Let’s not forget that the ranting Jean-Claude Juncker has had to be brought into line by Angela Merkel and Donald Tusk over his Brexit negotiations skills (or lack there of). EU lawyers have said the other day that the  €100bn Brexit bill has no legitimacy. The U.K. Local council elections should speak volumes of May’s mandate to pursue full strength hard Brexit.

Macron’s win buys the EU time. Nothing else. In fact the truest test of how petrified the EU truly is can be summed up like this. If they were supremely confident in their own legitimacy there would be no need for the constant self-reaffirmation and shouting from the roof tops about what a great place it is. If indeed it was so, democracy would endorse them every time. As it stands the self-praise would even make Barack Obama blush.

Twitter – Macron 66%, Le Pen 34%; Facebook – Macron 53%, Le Pen 47%

IMG_0575.PNGFor once the polls seem to reflect the Twitter stats. Since the first round, Macron has accumulated 66% of the Twitter follower growth vs 34% for Le Pen. Facebook follower growth on the same metric puts Le Pen at 47% of the growth vs Macron at 53%, As we gleaned from the first round, Macron had the third highest number of followers on Twitter but the fastest growth, with Le Pen 2nd. Twitter seemed to forecast better than Facebook.

IMG_0576When her father ran in 2002, Jean Marie Le Pen garnered only 17.9% of the second round. It would seem Marine Le Pen should double that number. That in and of itself is a massive shot across the bows of the establishment. Of course a Macron victory will be viewed by the EU as an endorsement when there could be nothing further from the truth.

We only need to see Tusk & Merkel’s slapdown of Juncker over Brexit in recent days to show the disharmony within the inner sanctum. Have you seen the latest Greek  bail-out negotiations? Talk about surrendering sovereignty to Brussels. Note the Conservatives gained 558 council seats in local elections this weekend by taking voters back from UKIP, which lost all but one of the 115 seats the party contested and Labour surrendering 320 seats, a margin which if replicated on June 8 will hand Theresa May a healthy majority. Brits want a hard Brexit not one built on compromises.

While there is some cachet in voting in the ‘youth’ in France we only need to look at Canada to see what an utter disaster Trudeau has been. His ratings are falling like a stone as Opposition Leader Rona Ambrose makes regular mince meat of him in Parliament. View any of their debates in parliament and Trudeau can’t string two sentences together.

In any event, markets should breathe a sigh of relief at a Macron victory although they’re pricing that already. Note that he is likely to be far more Trudeau than Alexander the Great and for France that will likely mean more of the same which will only give Le Pen far a better chance in 2022.

What Do Europeans Think About Muslim Immigration?

img_0254The majority of Europeans polled by a Chatham House survey of more than 10,000 people from 10 European states threw light on what people think about migration from mainly Muslim countries. It showed overwhelmingly that they want further Muslim immigration stopped. Majorities in all but two of the ten states agreed. It ranged from 71% in Poland, 65% in Austria, 53% in Germany and 51% in Italy to 47% in the UK and 41% in Spain. Those that disagreed with the idea failed to go over 32% (Spain) with the bulk in the 10-20% range. So while the press went full rage against Trump’s temporary ban it seems many Europeans agree with him. In Austria, Poland, Hungary, France and Belgium over 38% of respondents “strongly agreed” to stop more immigration. By  gender, age and education we see that the results show a skew. Males more for the proposal than women but over 50% for both. Only 18-29yo failed to have a majority but more in favour than not. The older  those surveyed the more in favour of the ban. Is it that they are bigoted fools or is it their experience on the planet that leads them to this conclusion. Those with less than a post grad diploma voted in the majority in favour while undergraduates and above only reached 48% but much higher than the 27% against. Rural towns were more in favour than city folk.


UKIP MEP Nigel Farage said to the EU Parliament yesterday,

“I feel like I am attending a meeting of a religious sect here this morning. It’s as if the global revolution of 2016, Brexit, Trump, the Italian rejection of the referendum, has completely bypassed you.

You can’t face up to the fact that this bandwagon is going to roll across Europe in these elections in 2017. A lot of citizens now recognize this form of centralized government simply doesn’t work. … At the heart of it is a fundamental point: Mr. [name not recognized] this morning said, the people want more Europe.

They don’t. The people want less Europe. We see this again and again when people have referendums and they reject aspects of EU membership. But something more fundamental is going on out there. …. No doubt, many of you here will probably despise your own voters for what I am about to say because just last week, Chatham House, the reputable group, published a massive survey from 10 Europen states, and only 20% of people want immigration from Muslim countries to continue. Just 20%. … Which means your voters have a harder line position on this than Donald Trump, or myself, or frankly any party sitting in this Parliament. I simply cannot believe you are blind to the fact that even Mrs. Merkel has now made a u-turn and wants to send people back. Even Mr. Schulz thinks it is a good idea.

And the fact is, the Europen Union has no future at all in its current form. And I suspect you are in for as big a shock in 2017 as you were in 2016.”

I don’t buy the premise that this is all down to bigoted views. I honestly think that the sharp rise in poverty since 2009 is driving people’s fears of sustainable financial security. I wrote the same about Trump and why he’d win for over a year, despite being laughed at. Take Eurostat’s latest figures on poverty across the EU. Although there has been a minor improvement between 2013-14 across the EU-28 (mainly due to inter-EU transfers) many countries including Germany, Spain, Greece, France and Belgium saw poverty rates grow.


This is what poverty looked like in 2005 and 2007 across EU. I added in the 2014 figures to show clearly how poverty has risen in EVERY country since that time. The UK has jumped from 16% to 23%. Italy from 20% to 28%. Germany 14% to 21%. France 13% to 18%. Is it any wonder right wing parties are gaining traction from socialist governments who think they are going to win the battle by sharing in the pain. Gimme a break. People are already bleeding but EU parliamentarians think it is just a flesh wound.


However let us suppose that it is all down to racist, bigoted intolerance. If you were an asylum seeker why would you want to have the EU divvy you up into countries that ‘especially’ don’t want you period. Hungary held a referendum where c.95% of those that voted against forced immigration. What prospects would you have in Budapest when citizens are so open about their unwillingness to accept? Canada on the other hand believes diversity makes it stronger so why don’t EU countries subsidise Canada to take more if they think it is a great deal. A better use of the 90mn euro being proposed by Merkel to get those asylum seekers not in any danger to go home.

Should these citizens by punished for holding a negative view given what they see and experience in their daily lives? Then again don’t blame citizens for holding these views when governments downplay or try to hide facts surrounding terrorist attacks, rapes, sexual assaults and acts of violence committed by migrants. Yes, citizens commit crimes too but when German women are told to dress more appropriately to avoid attracting unsolicited attention or well-intentioned residents charged with violating privacy laws for releasing a video of migrant thugs kicking an innocent woman down subway stairs, the people will seek their own security first. German vigilantism is up sharp double digits because the authorities are too ashamed to admit what a failure their policy has been.

The German police have reported a significant increase in far-left violence nationwide in 2015, with politically motivated left-wing crimes jumping 18 percent to 9,600. The refugee influx is a root cause with far-right groups have reacting violently and far-left groups attacking them in response. In January this year 211 far-right extremists were arrested for hosting an anti-refugee rally in Leipzig complaining Chancellor Merkel is ruining their homeland after the cover up after the new year sexual assaults in Cologne.

The Interior Ministry revealed that 39,000 (+19%YoY) politically motivated crimes were committed in 2015, with 23,000 having a far right motive. Crimes against refugees have soared from 199 in 2014 to over 1,000 in 2015. German courts are also doling out multi €1,000+ fines for online racial taunts. Pegida’s founder Lutz Bachmann, was ordered to pay €9,600 for describing refugees as ‘cattle’

Of course not all asylum seekers are bad but it is in their long term best interests to push for more vigilance by governments to ensure the actions of a few bad apples doesn’t spoil the rest of those who really want to have a fresh start and give back to their community.

I (reluctantly) watched the Australian ABC Q&A program which is often a tax-payer funded melting-pot of regressive politics. Tasmanian Senator Jacqui Lambie fired off at the Muslim activist Yassmin Abdel-Magied about how Sharia Law will never happen under her watch and that Australian law is all that matters. She also made points about why she supported Trump’s proposals. Now I am not really a big fan of Jacqui Lambie on most things but I thought she was spot on and the audience surprisingly cheered. Abdel-Magied tried to sound sanctimonious over Lambie’s improper understanding of Sharia law and her uneducated views on the treatment of women in Islamic culture but she was having none of it and closed with “stop playing the victim, your ban got lifted, get over it.”

Instead of taking the point to heart, Muslim leaders, academics and activists are demanding the ABC apologise for airing Lambie’s “racist, Islamophobic and crude” views on its Q&A program.  First of all Islam isn’t a race and to accuse the ABC of breaching its own standards (which is the norm) may I suggest they join the back of that long line.

Once again, victimology is never the way to go. If people want to change the aforementioned statistics of EU, America or Australia who show to be in favour of ‘vetting’, understand the cause. Whacking citizens for expressing concerns to deaf politicians is not the way to go. In Australia 18-C racial vilification laws have already shown how easy it is to abuse free speech. In Germany Merkel is cracking down on any form of ‘hate speech’ (as judged by the thought police). In Canada laws are being proposed to protect Muslims. After first passing a motion that condemns Islamophobia, last month, Iqra Khalid, a Member of Parliament (MP) from the governing Liberals, tabled Motion M-103 in the House of Commons. The motion demands that Islamophobia be treated as a crime without even bothering to define the offense. Hang on? What if Christianophobia is prevalent? Will Christians get the same rights if such hate crimes are committed against them? How is that diverse? How does that encourage equality by singling out one religion create tolerance? It beggars belief.

If tolerance and diversity are at the top of the list, where are these Islamic leaders trying to dissuade those who fear them?

You see there in lies the problem. Not only are citizens fearing job security they are now being silenced by acts of law to protest at where they see the problem coming from. As I wrote in ‘Staring at the dictator’  people are growing concerned about how to put food on the table. They see unhinged immigration with poor vetting a terrible recipe for helping them climb out of the trap they are in. The last thing they want is the odds cut. So before we point fingers let us get to grips with the ‘true’ state of the economy. I am willing to bet that if the world’s economy was in full swing, we wouldn’t hear a murmur about citizens wanting to ban particular immigrants.

EU to fine Spain & Portugal for loosening the buckle

gross debt to gdp

Brussels is set to fine Portugal and Spain for failing the austerity test. Both countries are guilty of running a budget deficit of more than 3% of GDP, contravening EU rules (see chart above). Interestingly in 2014, the UK, Croatia, Ireland, France, Greece, Poland and Belgium all failed this test yet fines were not dealt.

It begs the question, if Portugal and Spain have youth unemployment of 38% and 55% respectively, debt to GDP of over 100% and anaemic growth will tightening the noose help?. Austerity is clearly not helping these economies climb out from under the rock they are pinned under. We only need to look at Greece’s suffering under bleak austerity at great cost to its citizens of which over 1/3rd live in poverty. They need their own currencies and the freedom to set their own financial direction. Trapped in the EU they are glued to a system that is clearly not working for them despite being told it will.

One wonders though after Brexit, looming Nexit, Auxit, Frexit, Swexit, Dexit and many other -exit referendums is the EU serious about bullying its member states to comply with budget repair that are not helping it. While this is all to do with keeping confidence in the euro I would imagine the collapse of the Italian banks or another member state posturing for the exit will have a far bigger impact than this perception the EU is a functioning bloc.

Once again what is democracy if Brussels will deal out the terms of member states’ budgets? The EU has got to stop admonishing member states and start looking for solutions on a case by case basis. Different cultures, demographics, budgets, language, work ethic, views on retirement etc etc  can’t be solved by a one size fits all approach. This is why as apolitical union, the EU will fail.