Posts Tagged ‘EU’

China is trying to do an end-around and create some kind of “united partnership with Europe against the U.S.”

Despite a raging battle with the Trump administration, Europe flat out turned down the Chinese overture.

From ZeroHedge:

But why does Europe – which has so staunchly publicized its disagreement with Trump’s policies – refuse to align with China?  Simple: behind closed doors it admits that Trump’s complaints about Beijing are, drumroll, spot on.

And:

… perhaps because China’s veneer of the leader of the free trade world is so laughably shallow – China was and remains a pure mercantilist power, whose grand total of protectionist policies put both the US and Europe to shamethe European Union has outright rejected any idea of allying with Beijing against Washington ahead of a Sino-European summit in Beijing on July 16-17.

And:

Europe has absolutely no belief that Beijing will ever follow through with its promises.

China is so bad that not even the, “enemy of my enemy is my friend” maxim can hold water.

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I wrote some time ago how hard it will be for the European Union to coordinate… if for no other reason they all speak a different language!

The truth is, that barely scratches the surface… not only can these people not communicate freely with each other…

… but they operate in a totally different way… that is, live, work, eat, play, pray, etc.

Here’s a great example:

Retirement age is a deeply cultural thing.  And yet, it seems like all the countries in the European Union have different retirement ages!

How’s that going to feel… you working well into your golden years… to help pay off debts for others that retired well before you?

Not so hot.

This may be overly simplistic… but it feels like the EU needs some kind of reset.  Create Version 2.0.  They should create minimum requirements, like retirement age.  If a country doesn’t want the benefits associated with the union, they can choose to opt out.

Else… well, what Obama said the other day will be the least of their worries:

     “Imagine dealing with 17 Congresses instead of just one. That makes things more challenging.”

 

Update #1:  Wow… now they’re extorting each other… how’s this for “team play” from Mariano Rajoy, the Prime Minster of Spain?

     “We are powerful, and if they don’t give in, the whole thing will go down. It will cost Europe 500 billion if Spain goes bust, and then another 700 billion if Italy goes bust.”

 

Update #2:  Wow… this from Alexis Tsipras, front-runner in the Greek elections this weekend:

     “If they don’t give us the next loan installment, the euro zone will collapse the day after.”

 

All of this passion and consternation simply to get people to pay their own bills.  Scary.