Monday, August 10, 2015

10/8/15: Europe: Where All Do What None Believe In


Here is Bloomberg report on the Finnish Government coalition position on the Greek Bailout 3.0 which, in simple terms, implies that at this stage, no one, save for Brussels and ESM, believes that the Greek Bailout can work. And yet everyone votes in favour of the bailout.

You can't make this up.

Per Bloomberg: "The Finns party, which in April became part of a ruling coalition for the first time, has no choice but to support a bailout since not doing so would cause the three-party government to collapse. That would only open the door for the left-wing opposition, Soini said."

Of course, as we all know, were the Left wing opposition to come to power in Finland, it too will vote for that which they think won't work. Promptly. Without kicking any fuss. Just as Syriza is doing now in Greece.

It no longer matters who, where and why is in power in Europe, as everyone - on political Left, Right and Centre - is hell-bent on doing that which none of them believe in. Except for the Middle Earth of EU 'institutions' who believe in nothing and hence have all the power to do precisely that which they believe in...

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