Democracy Threatened

This morning we posted on Spain. This afternoon there is another headline on Spain.

EU Warns of Democracy Ending in Greece, Spain

Democracy could “collapse” in Greece, Spain and Portugal unless the debt crisis is controlled, the head of the European Commission reportedly has warned.

Commission President Jose Manuel Barroso recently detailed his “apocalyptic” vision in which crisis-hit countries in southern Europe are jolted by military coups or popular uprisings as interest rates soar and public services collapse because their governments run out of money, the London Daily Mail reported.

Greece, Spain and Portugal are facing dire problems with their public finances. All three countries have a history of military coups. Greece has been hit by a series of national strikes and riots this year following the announcement of drastic cuts to public spending.

In an interview with the Brussels-based magazine EU Observer, Monks said: “This is extremely dangerous. This is 1931, we're heading back to the 1930s, with the Great Depression and we ended up with militarist dictatorship. I'm not saying we're there yet, but it's potentially very serious, not just economically, but politically as well.”

See it here; http://www.moneynews.com/StreetTalk/EU-Chief-Democracy-End/2010/06/16/id/362150?s=al&promo_code=A148-1

No doubt!!....that is some serious talk. Of course this EU dude is correct....when people run out of money, they never blame themselves and pull up their boot straps and dig in for harder work and sacrifice. They will ALWAYS blame someone else....then elect (or accept) a leader to confirm the scapegoat....and then go to war against whatever scapegoat they can agree on that got them into their mess.