Wednesday, September 14, 2011

The Great European Divorce?

Greek Prime Minister George Papandreou
The Los Angeles Times gets to the heart of the matter today, asking if the ultimate ending of the Greece fiscal and economic crisis is to have the EU cut them loose and kick them out.  It is the question everybody has been avoiding for months but incresasingly seems to be the ultimate outcome.  Yet, if Greece gets the boot, what about Italy?  Or Spain or Ireland or the other troubled EU members?  Is this their future?   Ugly questions and possibly ugly - and deadly - answers for the and the future of the EU. 

What also seems to be going unspoken is the demise of the socialist and quasi-socialist economic models the european nations adopted post-World War II.  They do not work and have greatly contributed to the current economic calamadity.  But one step at a time -- and the first step does indeed seem to be "goodbye Greece."

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