In a pattern eerily similar to other EU states, the Belgian government stands and falls with its own inability to balance its finances. The price will be paid by taxpayers.
If we want to turn Europe and America in a more conservative direction, we need to understand the depth, the strength, and the persistence of our ideological adversary.
Contrary to widespread myths and errors being produced by right-of-center pundits, the Swedish experience with democratic socialism was not short, and it never ended.
In 2010-2014, the EU was the scene of a major fiscal crisis. Since then, nobody has treated the root cause, only the symptoms. Therefore, it is no surprise that history is about to repeat itself.
When the next major fiscal crisis hits, Europe’s credit-challenged governments will pull down the banks with them. A crisis bigger than the one 15 years ago can no longer be ruled out.
Like a rudderless ship, France is sailing straight for the same cliffs that broke the Greek economy 15 years ago. Will President Macron meet his Waterloo in the hallowed hallways of the IMF?
Facing a major budget gap, Bucharest must choose: fix the deficit or launch a broader economic rescue. So far, Prime Minister Bolojan has shown little leadership to do either.
