Sunday, March 03, 2013

European Leaders Demand More Austerity

Austerity has made matters worse across Europe; yet, European leaders are committed to staying the course in the wake of Italy's deadlocked vote. Read more. 

The media have thus far focused on preservation of the European Union and the Eurozone. The more serious issue, however, is the threat to European stability--and democracy. Greece is rife with coup rumors; fascism is rearing its ugly head in Italy under populist political cover; Spain could crack. As the economic crisis morphs into a political crisis, there will be no shortage of domestic demagogues and foreign adversaries aiming to exploit the worsening situation.