Criticism of America is popular, ubiquitous and most-often well-deserved. And because it is the central actor on the world stage, it is also the easiest target.
But what of Europe? Remember - those people who consider themselves the paragons of a higher humanity, greater sense of justice and who seem to make the world's luxury goods eat equally well....
Are also the Idiots who've plunged the world into - not one - but TWO world wars. And as the threat of a disorderly breakup of the Euro (which is a question of When - not If) grows greater by the day ---- it may well be Full-Of-Itself Europe that AGAIN plunges the world into chaos.
Below is a quote from an article in the WSJ that accurately illustrates the risks to Europe --- A sort of Damned if it does and damned if it doesn't scenario in regard to Greece's bankruptcy:
http://online.wsj.com/article/SB10001424052970204422404576593122004251398.html
"The cost to Greece of exiting the euro could be up to 20% of GDP, according to Credit Suisse estimates. But once the taboo of euro exit is broken, other fiscally troubled countries will be at risk of similarly catastrophic bank runs, raising the specter of a disorderly euro break-up. That could trigger losses of up to €300 billion in core euro-zone banks and €630 billion among peripheral countries' banks, Credit Suisse estimates."
And if that happens, the vaunted Europe will likely sink back into a second Dark Age. At least in such a state of barbarity, they are less likely to be a menace to the world again anytime soon.
But what of Europe? Remember - those people who consider themselves the paragons of a higher humanity, greater sense of justice and who seem to make the world's luxury goods eat equally well....
Are also the Idiots who've plunged the world into - not one - but TWO world wars. And as the threat of a disorderly breakup of the Euro (which is a question of When - not If) grows greater by the day ---- it may well be Full-Of-Itself Europe that AGAIN plunges the world into chaos.
Below is a quote from an article in the WSJ that accurately illustrates the risks to Europe --- A sort of Damned if it does and damned if it doesn't scenario in regard to Greece's bankruptcy:
http://online.wsj.com/article/SB10001424052970204422404576593122004251398.html
"The cost to Greece of exiting the euro could be up to 20% of GDP, according to Credit Suisse estimates. But once the taboo of euro exit is broken, other fiscally troubled countries will be at risk of similarly catastrophic bank runs, raising the specter of a disorderly euro break-up. That could trigger losses of up to €300 billion in core euro-zone banks and €630 billion among peripheral countries' banks, Credit Suisse estimates."
And if that happens, the vaunted Europe will likely sink back into a second Dark Age. At least in such a state of barbarity, they are less likely to be a menace to the world again anytime soon.
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