June 25, 2016
The Washington Post once again got in over its head as it tried to sort out the consequences of the UK’s exit from the EU. In article on the implications for the rest of the European Union it told readers:
“A strain of fear is already running through the German government as it contemplates the loss of Britain — whose conservative prime minister, David Cameron, largely backed Chancellor Angela Merkel’s austerity crusade. Berlin now fears a “ganging up” by nations including France, Spain and Italy, which may seek to overthrow Merkel’s austerity-first policy.
“Yet, if the Germans do not lead, who will? France is too distracted, a nation mired in economic stagnation and a war on terror. The Italians and the Spanish, meanwhile, are still struggling with financial hardship, political volatility and large-scale unemployment.”
See the problem here? The article tells us that France, Italy, and Spain can’t lead because they are all suffering from serious internal problems. But almost all the problems cited, except for terrorism in France, are a direct result of their economic situation. And, that’s right folks, the bad economic situation is the result of the austerity imposed on them by Germany with the backing of David Cameron.
So, if Germany is no longer in a position to impose its absurd austerity policies on the rest of the EU, then France, Italy, and Spain can again have normal growth and lower unemployment. Stronger economies would then make these countries much better situated to play a leading role in the European Union: problem solved.
Wasn’t that easy?
Comments