Little wonder really that Europe is circling the drain
When you look at the two election results in Europe it is little wonder they are in dire straits over there.
Profligate Greece continues on its merry way oblivious apparently to the fact that their country is well and truly broke and terribly indebted, and has just voted in parties who will reject the austerity campaign necessary for its long suffering lenders to keep on propping it up. It is well on its way to being the first new Third World country .
And then there is France . Obviously what happens in Australia ,despite our leaders poncing around on what they think is the world stage , is of no interest to the French at least and almost certainly Europe in general . Because if ever there was a prime example of the destructive influence on the economy of a Socialist government it has been here in Australia . Our Labor goverment came to power with our economy in a relatively healthy state and they have still managed to do enormous, probably terminal, damage in the time they have been in . France on the other hand is already in serious trouble due to debt and yet they have now voted in a similar government who can only lead them deeper into the woods with the excessive spending which is the way of all socialist governments . No wonder the stock markets are now back in rapid decline - investers can see the writing on the wall even if the French and Greek electorates are too stupid or arrogant to notice. Probably both I suspect.
Maybe in both countries it is just a case of voting out the encumbent government when things are not going well however in doing so they have both managed to pour more oil on what is already a very slippery slope .