EU chief warns 'democracy could disappear' in Greece, Spain and Portugal

[Valin]

Daily Mail:

Jason Groves
6/15/10

Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.

In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel Barroso set out an ‘apocalyptic’ vision in which crisis-hit countries in southern Europe could fall victim to military coups or popular uprisings as interest rates soar and public services collapse because their governments run out of money.

The stark warning came as it emerged that EU chiefs have begun work on an emergency bailout package for Spain which is likely to run into hundreds of billions of pounds.
A £650 billion bailout for Greece has already been agreed.

(Snip)

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"The trouble with Socialism is that eventually you run out of other people's money" ... (or until the country's economy has been run into the ground, whichever comes first)."
Margaret Thatcher

[Pepper]

(It's a good thing there are only moderates in those countries, or else fanatics could gain control of the government.)^sarcasm

[Valin]

(It's a good thing there are only moderates in those countries, or else fanatics could gain control of the government.)^sarcasm

 

There are demagogues out there waiting.

Remember Michel Savage has one of the most popular talk shows going. And yes I call him a demagogue.