Tea Party International – So Worldly So Welcome
It is called ESM (European Stability Mechanism) and this may be the device that brings the European Union running toward the stance of the founders of our country.
Continued rumors of immediate Greek default, in an email that bounced around from trader to trader; is what Greek officials blamed a 4.6% fall in Greek bank shares, while pushing, to the stratospheric, the cost of insuring Greek debt. Meanwhile in Spain, yields rose to 5.47% from 5.16% in March, though they could still find plenty of purchasers for long-term debt, 3.37 billion euro.
Greece has to climb out from under their 150%-of-GDP debt load. 50 billion euros worth of state assets is their latest move. This was imposed during last month’s round of negotiations towards finalizing the ESM. The Greek government is being forced to unload stakes in public holdings in banks, major utilities, railways, prime real estate leases including iconic stretches of coastland and landmarks. This has sparked another round of strikes and public protests in Greece.
Strengthened by its recent gains, the populist True Finn party will become part of a coalition, with 19 percent of the vote, in the next Finnish government. The True Finn party is against the upcoming Portuguese bail-out. Of more immediate concern are German moderates that may tear German chancellor Angela Merkel’s ruling coalition apart because of ESM.
Nicolas Sarkozy and Silvio Berlusconi, foundering right-of-center leaders, broached the possibility of reintroducing border controls. Sarkozy appears to be headed for defeat in the next election. This may be in part to the fact that voter are seeing one expensive bail-out after another, while their own wages have remained frozen.
They lack the libertarian streak of the U.S. tea party movement. They do reflect the populations’ anger and distrust of the actions of the EU. Politico reports that “Next year, national elections are scheduled in Cyprus, Portugal, Poland, Denmark and Spain. In many races, similar populist, anti-establishment movements could well gain power. “
Politico continues: “But the elephant in the room is France. Sandwiched not only geographically but politically and culturally between the EU’s fiscally Spartan northern rim and the more free-wheeling south, France is, in some ways, the ultimate swing state in the EU system. The country faces presidential elections in May 2012, and many polls now show Marine Le Pen, scion of Jean-Marie Le Pen, leader of the right-wing Front National and an ardent Euro-skeptic, could receive enough votes to make it to a second, run-off round.”
The Tea Party in the United States is working to return the federal government to the principles of the founders and restore financial responsibility. With our European counterparts working to restore responsibility of each nation back to its self, ending the aloofness of the super-state.
For too long the detramental actions of global governments have dictated the direction of a Nations prosperity with little resolve to position the country and its legal citizens at the forefront of national interest.
Beyond the glare of a citizens right to total government transparency, backroom deals and political posturing based on financial “pork” is the De’rigueur of todays political realm.
This is a situation that must be ammended.
The Economic survival of any Nation must be first and foremost yet politicians still tread their turf while assuming the population are but serfs.
Now is the time for real change. The FALGAFT Plan is the vehicle that can hearald that change with-in the economic realm that is todays disaster landscape.
All it takes is -; “A few good men / women to stand up for what is Right”
it’s not wealth distribution….
it’s income redistribution.