The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Saturday, April 21, 2012

Dutch Government Collapses


Seven weeks of government negotiations in the Netherlands to agree on new austerity measures failed on Saturday suggesting the German-led program for Europe is about to take head of another government and this is on the eve of the first round of the French elections, where polls consistently show the Socialist candidate Hollande poised to win the decisive second round in early May.
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Business Insider 
"Mish" Michael Shedlock comments on the Dutch situation as the Greek fiscal disease spreads. Nations love telling other nations to impose austerity but when it comes to their own nations in various states of fiscal insolvency, nobody has the testicular fortitude to inform the folks that the cradle to the grave entitlement state has failed and the nation is somewhere between broke and bankrupt. The situation is profoundly affecting Europe where it's predicted that Sarkozy will lose to a socialist in the French election. Europe's ruling elites are running scared.
"Mish" Michael Shedlock comments on the Dutch situation as the Greek fiscal disease spreads. Nations love telling other nations to impose austerity but when it comes to their own nations in various states of fiscal insolvency, nobody has the testicular fortitude to inform the folks that the cradle to the grave entitlement state has failed and the nation is somewhere between broke and bankrupt. The situation is profoundly effecting Europe where it's predicted that Sarkozy will lose to a socialist. Europe's ruling elites are running scared. The Netherlands has been one of the staunchest proponents of forced austerity on Greece. However, now that Brussels has demanded the Netherlands hit its fiscal targets, Dutch politicians can't get the task done and the government is poised to collapse. New elections are coming up....The Merkozy agreement held together with rubber-bands, paper clips, and broken promises is about to splinter to smithereens. Pencil in May 6 for the date. That's when Greece holds new elections and also when French president Nicolas Sarkozy is ousted in the second round of French elections. The ouster of Sarkozy will end any chance that France signs off on the agreement "as is". Since the Netherlands won't abide by the agreement either, just how much of an agreement is there?
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Mish's Global Economic Trend Analysis

So much for Europe. Across the pond, it's party like there's no tomorrow because according to the politicians tomorrow never comes.



Judy Morris,
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