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Monday, September 26, 2011

It's going to come down to the actors!

Paul Krugman of the NY Times writes that The European Policymakers are unlikely to make reforms necessary to save the European Union.

He cites that recent pronouncements- most likely made during the Sept.,2011 IMF/World Bank Annual Board of Governors meetings- are extremely bland and scary at the same time.

I am not sure how Krugam is thinking, but is obvious that two things are happening simultaneously: 1. Just like the set of bankers/actors that created the financial collapse of 2008, most of them hedged their bets and bet wide on other people's money and bet tight with their own money, often against what they bet on with other people's money; and 2., that there will be more action for political instability, more so from policy think tanks and multi-lateral agencies, companies and actors, even more than from political pressures from the ground in terms of labour unrest and social upheaval.

It's that time where I'm quite sure, certain gaggles of elites, not necessarily from the legislative branches of the leadership community in Europe, are actively considering if not planning the downfall of many of the current and aspiring politicians who have the mindset that keeps the current state of affairs constant.

Sounds like a war is going to break out. This time, cash will be their fuel, the casualties will be dispersed and seemingly inconsequential to the scheme of things, think tanks and social-meetings will be the battle room and the social media will be their primary weapon of choice!

The time to make these decisions whether folks like it or not is here. And, to be fair, it's not like Europe has not had political instability in it's history at all. This time it will be more sophisticated, and hopefully more humane than other shifts in politics in Europe.
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