Europe’s Faustian bargain
Ross Douthat starts his column off with a bracing thought experiment of what Italy’s and Greece’s recent regime changes would look like if they’d happened to us:
The murmurs about Barack Obama being forced out began in Berlin and Beijing. After his party lost the midterm vote, there were hints that a government of technocrats would be imposed on America, to save the country from a debt crisis and the world from a depression.
As the debt-ceiling negotiations stalled out over the summer, a global coalition — led by Germany, China and the International Monetary Fund — began working behind the scenes to ease Obama out of the White House. The credit downgrade was the final blow: the president had lost the confidence of the world’s shadow government, and his administration could no longer survive.
Within days, thanks to some unusual constitutional maneuvering, Obama resigned the presidency and Michael Bloomberg was invited to take the oath of office. With Beijing issuing veiled threats against our currency, Congress had no choice but to turn the country’s finances over to the Senate’s bipartisan Gang of 6, which in turn acceded to Chinese and German “supervision” of their negotiations. Meanwhile, there was a growing consensus in Europe and Asia that only a true global superstate could prevent the debt contagion from spreading …
Read the whole thing. Thanks to the euro, foisted on European publics by internationalist elites, entire nations are now going to have to give up self-rule to save themselves from economic and social catastrophe. It’s a horror show, either way you look at it. Thank you, Mrs. Thatcher and other UK Euroskeptics for saving Britain from this sorry fate.
UPDATE:Where, oh where, would Europe be without EU commissioners? Idiots.