Dutch Losing Appetite for Euro Bailouts
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  • No, it is not a good sign, and it is the fault of ideologues who continue pushing for austerity against all reason. Yes, I am talking about you all Ryan fanatics who want to bring government cuts designed to achieve exactly the same effect in the US as they have in Europe.

  • brad

    With trillions of unfunded liabilities austerity is coming to the U.S. Blaming Ryan fanatics and ideologues is no doubt gratifying and it’s so much easier than examining political and fiscal policies for the last 50 years.

  • WigWag

    Why exactly does Via Meadia believe that the rejection of austerity as the ticket to European prosperity by the Dutch will make solving the Euro crisis more difficult? Isn’t it even more likely that the Dutch rejection of austerity will make solving the problems of the Euro zone far easier.

    The biggest problem in Europe right now is German intransigence. But for the nefarious influence of Germany on the ECB and the counterproductive austerity program the Germans are trying to impose on the rest of Europe, proper Keynesian stimulus would already have Europe on the road to recovery instead of it’s current bath in the quicksand.

    With the Dutch voters about to abandon the Germans, Merkel and her fellow travelers are more isolated than ever. The most likely scenario is that this will leave the Germans with no choice but to relent to the inevitable.

    This will facilitate European recovery not retard it.

  • BobJustBob

    Yup…the problem definitely is that they haven’t spent enough money.

    For people who are already prone to spending money the argument that if they just spent a little more everything will be good is a seductive one.

    Stupid and shortsighted…but seductive none the less.

  • Kris

    [email protected]: Wow, Romney sure made an inspired pick! Ryan is so powerful that the “Ryan fanatics” can somehow cause the Dutch Socialist Party to double its support!

  • Snorri Godhi

    “The Socialist Party condemns the “capitalist European super-state” and its bailouts as helping only the banks and financial speculators who caused the crisis”

    That confirms my opinion that socialists are the most perceptive critics of opposed schools of socialism.
    (That does not include Keynesians, such as a couple of commenters above, which are at a lower intellectual level than socialists.)

    “It’s not a good sign that extremist parties are gaining even in the healthier economies of Northern Europe.”

    And who do you expect to complain about bailouts? those who get the money?

    In related news, the Finnish ruling class is also under pressure from the electorate:
    http://www.bbc.co.uk/news/business-19255586

    Is it just a coincidence that people who contribute to the bailouts to the Club Med on Franco-German terms are opposed to the bailouts more vehemently than the Club Med, the French, or the Germans?

  • Sam L.

    WigWag, it seems to me you are suggesting the Germans “lie down and think of Europe”.

    “It’s not a good sign that extremist parties are gaining even in the healthier economies of Northern Europe.” It’s a sign that the other parties are refusing to do anything useful. Which “is a bad sign” all by itself.

  • Jim.

    So Germany would be moved to make the sacrifices “necessary” to preserve Europe from peer pressure? From peers who refuse to participate in bailouts, leaving Germany to foot more of the bill?

    How does his work, exactly?

    How does this change Germany’s core interests, here?

  • Snorri Godhi

    Jim @8: that’s Keynesian logic.
    You wouldn’t understand.

  • Mick The Reactionary

    @Mead:

    “It’s not a good sign that extremist parties are gaining even in the healthier economies of Northern Europe.”

    I don’t know about Dutch Socialist Party, but if Dutch Freedom Party is an extremist, you just have to send to re-education camps Tea Party Congressfolks and Paul Ryan.

    Sloppy writing Mr Mead.

  • Mick The Reactionary

    @WigWag:

    “proper Keynesian stimulus would already have Europe on the road to recovery instead of it’s current bath in the quicksand.”

    Why do you say that? Can you, you know, justify that with some facts and logic?

    Oh, it is PoliScience and Economics we are talking about. An assertion is a perfect substitute for a fact.

    Sorry I asked.

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