So what exactly is in it for a young person in Greece, Italy, Spain, or apparently even France to stay home? Increasingly not a lot other than avoiding the difficulty involved in moving to another country far from home where the culture, language, etc. are different. That’s a daunting challenge to be sure, especially in a continent where people are very rooted, not just in their country, but often their town, though this can be reduced if they move to a former colony. But it appears we are seeing early signs of migration out of some European countries.
It’s way too early to say what this will turn into, but if an exodus of the youth does take hold, it isn’t hard to imagine how this could hit a catastrophic tipping point in some countries. Facing unemployment, unfunded pensions, massive debts, austerity, and social unrest – as well as the prospect of getting stuck as the bag holder for all this – it isn’t hard to imagine a flight for the exits among the young. This would be like a demographic Lehman Brothers. Once confidence is lost, there’s a run on the bank, or in this case, a run for the exit.Sponsored Ads
This is far from assured, of course. But it’s not an inconceivable outcome if things stay on the present course. Solving the nexus of issues around growth-euro-debt is critical for Europe, as is cracking the code on immigration. It seems unlikely birth rates will improve until these items are solved first. In the meantime, the US and Canada should be revisiting their own immigration laws to make sure they are poised to respond to – and benefit from – another wave of European economic refugees heads their direction.
One day the Europeans may find that the US is not there to deal with threats at their frontiers
In the 1970s, Mogens Glistrup, a prominent Danish politician, became famous for suggesting that his country replace its armed forces with a recorded message saying “we surrender” in Russian.
Glistrup is no longer with us but his approach to defence seems to be gaining ground. Europe’s ability to use military force is dwindling fast, and with it the power of Europeans to defend their interests around the world. It is true that there are many troops from European countries deployed in Afghanistan, and the French are in Mali. But, behind the headlines, military capacity is shrinking.
Bulgaria has entered the growing number of European countries willing to offer citizenship in return for the purchase of property valued at BGN 600,000 (US$414,000) or an investment of at least BGN 500,000 (US$345,000) that creates 10 jobs.
Residence Visas and Citizenship Are Up For Graphs in Many Countries | Sovereign Investor
The latest to join the residence/citizenship-for-sale list is Spain, where unemployment exceeds 20%. In an attempt to ease the debts crippling Spanish banks, the government will offer immediate residence rights to foreign property buyers who spend more than €160,000 (US$207,563).
Spain’s Iberian Peninsula neighbor, Portugal, got into the act last month when a new law was adopted that issues what is being called the “Golden Passport.” It enables investors from non-EU countries to gain residence if they transfer €1 million or more (US$1.3 million) in capital into the country, form a business that creates a minimum of 30 jobs, or purchase a property valued at a minimum of €500,000 (US$648,635).
Struggling Caribbean islands sell a quick path to citizenship
Without leaving his home in the United Arab Emirates, the Palestinian man recently received a brand new Dominican passport after sending a roughly $100,000 contribution to the tropical nation half a world away.
“At the start I was a little worried that it might be a fraud, but the process turned out to be quite smooth and simple. Now, I am a Dominican,” said Mezawi, who like many Palestinians had not been recognized as a citizen of any country. That passport will help with travel for his job with a Brazilian food processing company, he said by telephone from Dubai.
Israeli officials played down a report in an Israeli newspaper on Monday that accused Washington of secretly negotiating with Tehran to keep the United States out of a future Israel-Iran war.
Israel’s most widely-read newspaper, Yedioth Ahronoth, said Washington had approached Tehran through two unidentified European countries to convey the message that the United States would not be dragged into hostilities if Israel attacked Iran over its nuclear programme.
He says these attacks are Iran’s version of a warm-up, in the event of a full conflict with Israel.
“They’re just sending signals that they are capable of, and the order is by Ayatollah Khamenei, the Iranian supreme leader that, should war break out, then all terror cells will become activated and attack major interests of America, Israel, European countries and even within America,” warns Kahlili, author of “A Time to Betray.”
But, given the number of alleged plots by Iran against Israeli targets, some analysts wonder why Iran would seem to keep provoking the very attack they say they want to avoid.
“The mindset of this organization that is the Iranian intelligence service and this government is not a Western mindset,” Mudd observes. “We see stability as a goal. They see instability and revolution as a goal.”
The widespread use of deposit guarantees and the use of EU Government Bonds as any form of security will directly lead to a collapse in the value of the Euro.
Devaluation seems the only real exit now for Europe, Germany again will be a huge winner from such a move.
Devaluation either by the ECB, the European Banks or the market is now the only option if the EU is to continue. A drop in the EU to USD rate to 80c would dramatically improve the trade deficit in the trouble countries and offer some hope to their desperate economies.
While the move would pressure the German trade surplus creating an inflation event in the small number of European countries that are still near full employment, it remains a better option than having an economic catastrophe in many of the EU member states.
Around Europe the situation is an Economic mess.
The rare foreign visitor to China during the Cultural Revolution often saw a huge placard at the airport boasting the farcical claim, “We have friends all over the world.” In truth, Maoist China — a rogue state exporting revolution and armed struggle around the world, and a bitter foe of the West and the former Soviet bloc — was extremely isolated. It had a few friendships with countries like Ceausescu’s Romania and Pol Pot’s Cambodia; for a few bleak years, China’s only true ally was tiny Albania.
Forty years later, a powerful and assertive Beijing has a lot more friends. Its economic presence is warmly welcomed by many governments (though not necessarily people) in Africa; European countries regard China as a “strategic partner,” and China has forged new bonds with leading emerging economies like Turkey, Brazil, and South Africa. Yet besides Pakistan, which depends on China for military and economic assistance, and which China supports mainly as a counterweight against India, Beijing has a shocking lack of real allies.
Many of the mosque projects in Italy have been promoted by leftwing politicians, who are waging an ideological war with the Roman Catholic Church. As in many other European countries, multiculturalists in Italy hope that by promoting Islam, they will eventually succeed in destroying the country’s Judeo-Christian heritage.
Not surprisingly, most Italians are opposed to the idea of turning Italy into an Islamic republic. Polls show that many Italians view mosques as a “symbol of occupation“ and more than a third do not want a mosque in their neighborhood.
Public backlash over the construction of mosques picked up steam in 2006, when the multicultural mayor of Colle di Val d’Elsa, a picturesque Tuscan town situated on the road between Florence and Siena, decided his town would be the perfect location for Italy’s second-biggest mosque.
The town council, dominated by leftwing do-gooders, donated the land for the mosque, which is linked to the Muslim Brotherhood. Funding to the tune of €500,000 ($650,000) came from Monte dei Paschi di Siena, the oldest bank in Italy.
European countries have taken their boldest step so far in the increasingly tense standoff with Iran over its nuclear program, agreeing in principle to impose an embargo on Iranian oil, French and European diplomats said on Wednesday.
A final decision by the European Union will not come before the end of January and would be carried out in stages to avoid major disruptions in global oil supplies. But the move by some of Iran’s most important oil customers appears to underscore the resolve of Western allies to impose on Iran the toughest round of sanctions to date, increasing pressure on Tehran to stop enriching uranium and negotiate an end to what Western leaders argue is an accelerating program to build a nuclear bomb.
How could so many clever people get it so wrong? The question was recently asked by the British politician Daniel Hannan in an article on the collapse of the euro; in the coming months, the same question will be asked more and more often about Europe itself.
Europe as it has been built may appear at best a huge error, and at worst a crime against the spirit of liberty that was supposed to be the initial source of inspiration for the whole edifice.
The idea that it is possible to build a society based on abstract principles — without considering historical, social and economic realities, as if its members were infinitely malleable – has often led to disaster; this time is no different.
The formation of this error began in the aftermath of World War II. Looking at the ruins left by Nazism and Fascism, politicians from various European countries fabricated a project meant to erase all past mistakes committed on the continent. They only repeated the mistakes.
The thinking of modern liberals is that people are bricks – everybody is the same. The new European man is a brick not the stone that you actually see.
Check out the poster on the right-hand side. The people are brick-like. Also, the EU parliament was modeled after the Tower of Babel. Probably not a particularly bright move.