By Patrick J. Buchanan
How Europe’s crisis resolves itself as yet remains unknown.
But with Sunday’s returns from France and Greece, the mega-trends on the Old Continent are unmistakable. And for the European Union, they are ominous.
Nationalism — be it economic nationalism or ethnic nationalism — is ascendant. Transnationalism and multiculturalism are in headlong if not irreversible retreat. The European project is itself imperiled.
By Patrick J. Buchanan
Prime Minister David Cameron’s decision to veto Germany’s demand for a new European fiscal union will define his premiership.
More than that, Cameron has raised a banner for patriots everywhere fighting to retain their national independence.
With his no vote on fiscal union, Cameron declared to the EU: “British surrenders of sovereignty come to an end here. And Britain will deny Brussels any oversight authority of any national budgets or any right to sanction EU members.”
By Patrick J. Buchanan
As Greece lurches on the precipice of default on its sovereign debt, a default that could bring down banks across Europe and precipitate a global financial panic, a consensus is building that there is but one way out.
First, a structured default on the Greek debt, giving creditors a major haircut, but compensating them with eurobonds of half the face value of the Greek bonds, guaranteed by the European Central Bank.
By Patrick J. Buchanan
The decision by Standard & Poor’s to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites.
S&P, we are reminded, was giving A ratings to banks like Lehman Brothers, whose books were stuffed with suspect subprime paper, right up to the day Lehman Brothers fell over dead.
By Patrick J. Buchanan
Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns.
Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war.
by Patrick J. Buchanan
Saturday was a bad day for the New World Order.
New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party’s hope to defeat President Nicolas Sarkozy in 2012.
By Patrick J. Buchanan
Is the world headed for a debt crisis to dwarf the one that befell us in 2008, when Treasury Secretary Hank Paulson stood aside and let Lehman Brothers crash?
No one knows for certain. As Yogi Berra said, “it’s tough to make predictions, especially about the future.”
But the probability of a financial crisis increased this week after President Obama’s trashing of Rep. Paul Ryan’s deficit reduction plan as dragging us all back to the Dickensian days of “Oliver Twist.”
By Patrick J. Buchanan
When communism collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic nationalism surged to the surface in all three nations and tore them apart into 24 countries.
Economic nationalism is now resurgent across Europe. And it is hard to see how a transnational institution like the European Union, run by faceless bureaucrats, and the 16-nation eurozone it created long survive.
1 
27 
6274 47 5712 20 5783 25 4952 26 4164 19 4050 60 3460 14 3163 41 2420 22 2531 33 1931 22 1950 4 2112 34 1621 24 169
Order from Amazon...
