Rocketing unemployment, crashing economies and the far right on the rise. Sound like the 1930s? That's where we're heading! Today is EU election day and voters are so sick of the big parties that they will vote for any alternative. I vote UKIP, which has the right idea of getting us out of the superstate, but other parties are less palatable.
Here's what will happen today: the far right will garner votes all across Europe as nationalism - and racism - rears its head. UKIP is not extreme and I know this as Pat and I attended one of their conferences and know many of them personally.However, the same cannot be said for groups like the British National Party amd others, heirs of the National Front.
The problem is, that as the present bunch of inadequtes dig themselves- and us - deeper into the mire, people will look for alternatives. Any alternatives. The fact is, Britain, America and many other nations across the world have wrecked their economies and there is no way back. The debt is so deep is can never be repaid - short of hyperinflation. That is precisely what we will get and is a natural consequence of governments printing banknotes.
This is the scenario whicvh brought forth Hitler and will also bring in the coming antichrist.Anyone who wants a good summary of the european situation should read the story below, by a great reporter.
Eurozone unemployment surges to almost one in 10
Unemployment in the eurozone has surged to 9.2pc – a decade high – as the delayed effects of recession and the over-valued currency trigger a wave of lay-offs.
By Ambrose Evans-Pritchard
The picture is particularly dire in Spain, where the jobless rate among youths has reached 36pc.
The eurozone shed 396,000 jobs in April despite the job protection laws in most member states that usually cause firms to hold on to workers wherever possible.
"It is clear that the downturn has much further to run," said Jennifer McKeown, from Capital Economics. "Labour markets lag the wider economy. We expect eurozone unemployment to breach 12pc next year, putting more downward pressure on consumer spending and raising the risk of a damaging period of deflation."
Job losses are unevenly spread, meaning that countries are at different stages of the job cycle and subject to vastly different political pressures, making it very hard for the European Central Bank to steer a common course.
Spain's jobless total has jumped from 10pc to 18.1pc in the past year, with 4 m people out of work. The country has tipped into deflation with price falls of 0.8pc, raising the risk of a debt trap for over-leveraged households. Spanish bank BBVA expects the nation's house prices to fall 30pc by 2011.
But Germany has only just begun to shed jobs. Unemployment there has risen from 7.4pc to 7.7pc in the past year – though leading economists warn it will soon rise into double digits, hitting 5m unemployed for the first time since the 1930s.
Parts of Eastern Europe are in even worse shape. The jobless rate has tripled in a year to 17pc in Latvia and Lithuania, and 14pc in Estonia. Almost 21m are out of work across the EU.
The Eurostat data office said youth unemployment (under 25) is 36pc in Spain, 26pc in Sweden, 25pc in Hungary, 24pc in Ireland and 22pc in France and Italy. If this continues for two or three years as most labour economists think likely, it could have serious social consequences.
