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Euro-Fatigue Storm Rising

Tyler Durden's picture




 

The ongoing drama and chaos across Europe has seen the rise and spread of a number of 'extremist' anti-EMU and anti-bailout parties. As JPMorgan notes, the political consequences of reform fatigue are high. Many countries have seen the emergence of nationalist parties but only France, Italy, and Greece have parties advocating EMU withdrawal (for now). This is exactly what we discussed as likely to occur and was quantified here (and here) as inevitably leading to chaos, judged empirically, when austerity has been imposed.

 

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Tue, 06/12/2012 - 09:33 | 2517630 jcia
jcia's picture

Extremist is antibailout?

Tue, 06/12/2012 - 09:35 | 2517641 SilverTree
SilverTree's picture

Get out while the gettin-is-good.

Tue, 06/12/2012 - 09:43 | 2517675 idea_hamster
idea_hamster's picture

The True Finns story has run its course.

Finland simply isn't fertile ground for uber-national rhetoric, if only because they really don't have to worry about too many immigrants.  After all, who in the world can speak the language?  Every word looks like an eye chart....

Tue, 06/12/2012 - 09:48 | 2517688 francis_sawyer
francis_sawyer's picture

They won't have to worry about Steve Prefontaine anyway...

Tue, 06/12/2012 - 10:05 | 2517717 GetZeeGold
GetZeeGold's picture

 

 

A little good news....consider him scratched off the list.

 

Tue, 06/12/2012 - 09:48 | 2517685 YuropeanImbecille
YuropeanImbecille's picture

Well, actually I am just about to go on a well deserved 30 day holiday :) I don't know how you do it in the US but here they withhold 12% of your salary over the year that you then use for your holiday.

So basically it comes out of your salary. You can also chose to not take any holiday and get it in cash.

But this is norther europe, I do not know how they do it down in southern Europe.

 

But this is something I defend, After working like a fucking slave for 12 months I deserve at least a month off as we have little or no Sun and warmth here during the looooong winter.

Anyways, many other countries like for example Sweden have parties in the government that even wants to exit the EU all together !

The EU is a failed zionist-satanist project that should be scaled back to a trading block, leave the idiot politics out of it, and things would look pretty good. Thanks to this Schengen free travel policy, all of productive Europe is overrun by gypsys raping kids and begging on the streets.

As a northern European it is not that pleasant to see these dirty bastards lay around everywhere with their yellow teeth and rugged , ugly faces.

 

I now can imagine how life was back in the days leading up to ww2, all that is missing is that Germany let's ECB print money and drop it from zeppelins over europe. (also known as hyperinflation).

Tue, 06/12/2012 - 09:58 | 2517712 idea_hamster
idea_hamster's picture

"[H]ere they withhold 12% of your salary over the year that you then use for your holiday. So basically it comes out of your salary. You can also chose to not take any holiday and get it in cash. But this is norther europe, I do not know how they do it down in southern Europe."

In southern Europe, they withhold 12% of the salary from someone from northern Europe.  So basically it comes out of your salary as well.  ;-)

Tue, 06/12/2012 - 10:06 | 2517748 dow2000
dow2000's picture

LOL awesome!!

Tue, 06/12/2012 - 10:09 | 2517761 YuropeanImbecille
YuropeanImbecille's picture

Hahah probably true :)

Tue, 06/12/2012 - 14:38 | 2518890 ArgentoFisico
ArgentoFisico's picture

Hahaha! You asshole.

The EURO is killing our exports and our economy. Our politician's fault to accept it the way the castle has been constructed. It's the fucking moneta unica that's destroying the south of Europe. And for your information the north of Italy is still one of the most productive and richest regions of this planet, even in an earthquake emergency that goes on by 1 month now.

Tue, 06/12/2012 - 10:05 | 2517742 tgatliff
tgatliff's picture

Why do I get the feeling you have a government job, or a job that is supported by a government contract...  Things just seem a little too comfortable for you...

Tue, 06/12/2012 - 10:13 | 2517779 YuropeanImbecille
YuropeanImbecille's picture

If you are talking to me, the answer is no. i work in the private sector.

What is so comfy about reserving 12% of your net income per year for later use? I am assuming you can do the same in the US, just add a couple of $ every month on a separate savings account and then pay bills and travel with those when you take time off?

 

I know my US colleauges have 25 days off per year, just as we do.

(I work in IT Sales)

Tue, 06/12/2012 - 10:22 | 2517817 ONO47
ONO47's picture

The US government takes 7.65% (15.30% if self-employed) of my net income but has no intention of paying it back to me in my old age.

Tue, 06/12/2012 - 10:26 | 2517831 Non Passaran
Non Passaran's picture

.

Tue, 06/12/2012 - 10:19 | 2517797 Non Passaran
Non Passaran's picture

> After working like a fucking slave for 12 months I deserve...

If you did the same last year then it's after 11 months. Except if you take vacation in order to go work in South Europe during summer.

The goddamned bigot.

Tue, 06/12/2012 - 11:20 | 2518076 YuropeanImbecille
YuropeanImbecille's picture

I took the cash last year to invest in a nice bit of farm land actually :) Hedge all the way folks! But yes you are technically right.

If all hell breaks loose at least I can feed myself and the family.

Tue, 06/12/2012 - 10:51 | 2517930 FeralSerf
FeralSerf's picture

.

"failed zionist-satanist project . . .  productive Europe is overrun by gypsys raping kids and begging on the streets.

As a northern European it is not that pleasant to see these dirty bastards lay around everywhere with their yellow teeth and rugged , ugly faces."

This sounds not that much different from what the Nazis were preaching in the 1930s.  They also included the homosexuals and communists in their enemies list. We know how that turned out.

Unfortunately, the ones that paid the ultimate price were more likely than not to just be ordinary working people that had the misfortune to be identified with the pariah groups.  Nothing binds the electorate together as much as having a common enemy, real or imagined.

Tue, 06/12/2012 - 11:21 | 2518082 YuropeanImbecille
YuropeanImbecille's picture

That was exactly my point, for some f"#¤ed up reason, we can all of a sudden relate to that era, which is scary and not pleasant at all!

Tue, 06/12/2012 - 11:47 | 2518209 Börjesson
Börjesson's picture

"Anyways, many other countries like for example Sweden have parties in the government that even wants to exit the EU all together!"

Which party in the Swedish government wants to exit the EU?

Tue, 06/12/2012 - 12:22 | 2518351 YuropeanImbecille
YuropeanImbecille's picture

As I understand it the sweden democratic party wants to exit the EU all together

Tue, 06/12/2012 - 12:29 | 2518380 Ghordius
Ghordius's picture

and the Left Party of Sweden and some of the Centre Party, as far as I remember

Tue, 06/12/2012 - 12:36 | 2518406 Börjesson
Börjesson's picture

The Left Party (Vänsterpartiet) abandoned their demand for exit from the EU last year, and want to focus on changing the Union from within instead. (Good luck with that!) And those politicians of the Center Party that want out of the EU are a small and marginalised group. (Which is a pity for the party, since there is a much larger section of their voters and the general public that feels that way, but has no one except the tabooish Sweden Democrats to vote for on that issue.)

Tue, 06/12/2012 - 14:43 | 2518913 Ghordius
Ghordius's picture

another shocking news. so the percentage of non-EU countries that would leave the EU is increasing but inside the EU people don't wake up? shocking /SARC

how is this possible? JPM says that a Euro-Fatigue Storm is rising! And Tyler Agrees! you must be mistaken ;-)

Tue, 06/12/2012 - 17:12 | 2519565 Börjesson
Börjesson's picture

There is growing EU skepticism among the people, at least here in northern Europe. It's just the politicians that are still fully in favour of an "ever closer union" - though many who were previously very outspoken on the subject are now keeping their heads down so as to not alienate their voters, whose opinions they have no intention of representing.

Tue, 06/12/2012 - 13:19 | 2518381 Börjesson
Börjesson's picture

That's true enough, but the Sweden Democrats are not in government. Nor are they ever likely to be, unless they somehow reach a majority on their own (which would be quite a leap from today's five percent), since all the other parties, regardless if left or right, despise them and wouldn't touch them with a ten-foot pole. (The "allowed" breadth of discourse in Swedish politics is very narrow, and everyone venturing outside it is labeled an extremist.)

Tue, 06/12/2012 - 18:26 | 2519788 widget
widget's picture

The swedish democrats are still in the parliament. They have a vote.

Tue, 06/12/2012 - 13:21 | 2518564 JimBowie1958
JimBowie1958's picture

Get out while the gettin-is-good.

He who panics first panics best.

Tue, 06/12/2012 - 14:43 | 2518912 ArgentoFisico
ArgentoFisico's picture

Get out while we do not have had 20 years of slow demolition of out economy and wealth.

Tue, 06/12/2012 - 09:36 | 2517646 Colombian Gringo
Colombian Gringo's picture

Of course. Anyone who is opposed to bankster bailouts, and transferring the costs to those who can least afford it are extremists. This is how things are done in a fascist/EU dictatorship.

Tue, 06/12/2012 - 10:03 | 2517732 GeorgeHayduke
GeorgeHayduke's picture

That attitude isn't just in the EU. The MSM here in the fascist US of A will do their best to ensure that same attitude is hammered home to the sheople. They are just using the EU as a staging ground to hone their craft before using it in the land of guns, Gawd and proud ignorance.

Tue, 06/12/2012 - 09:39 | 2517657 wolfnipplechips
wolfnipplechips's picture

Summer holiday in Europe is about here.  Time to put all this austerity and bailout on hold while they take 30 days off.  It's hard working 25 hours/ week.

Tue, 06/12/2012 - 10:23 | 2517821 Nussi34
Nussi34's picture

only 30?

Tue, 06/12/2012 - 10:05 | 2517740 Everybodys All ...
Everybodys All American's picture

Since when is it extreme to demand the government not live beyond it's means?

Tue, 06/12/2012 - 14:46 | 2518925 ArgentoFisico
ArgentoFisico's picture

Extremist is antibailout?

Extremist my grandma!

Tue, 06/12/2012 - 09:34 | 2517633 Cognitive Dissonance
Cognitive Dissonance's picture

Pass the popcorn. The movie system flush is getting really good.

Can't wait until the antiseptic is applied to the USA.

Tue, 06/12/2012 - 09:38 | 2517652 Spastica Rex
Spastica Rex's picture

Is Drano considered an antiseptic?

Tue, 06/12/2012 - 09:39 | 2517658 tarsubil
tarsubil's picture

We don't have an infection. We are full of s***. We need an enema and some vaseline for passage.

Tue, 06/12/2012 - 09:33 | 2517634 lolmao500
lolmao500's picture

The ongoing drama and chaos across has seen the rise and spread of a number of 'extremist' anti-EMU and anti-bailout parties

More like NON CORRUPT parties... whoever is pro-bailout and pro-EU is either a total idiot or totally corrupted. The bigger government are, the bigger they get and the more tyrannical they become, that's a law of the universe... because of human behavior.

The only good government is a small government... the only ones who got it (almost) totally right are the American founders.

Tue, 06/12/2012 - 09:43 | 2517674 ThirdWorldDude
ThirdWorldDude's picture

Power = corruption, also government = cancer. That's why the system needs to be "rinsed" once in a while. With the blood of tyrants and patriots, that is...

Tue, 06/12/2012 - 09:47 | 2517687 knightowl77
knightowl77's picture

New polls in the UK say that 80% want a new referendum about remaining in the EU...We'll see if Cameron has the spine to call an election for that?

Tue, 06/12/2012 - 09:57 | 2517704 Mitzibitzi
Mitzibitzi's picture

Cameron has plenty of spine - Goldman Sachs paid to have it installed. JPM paid for the strings to be attached. Barclays paid for the radio control that moves his facial features. And BAE Systems did the voice.

Tue, 06/12/2012 - 09:55 | 2517707 N. B. Forrest
N. B. Forrest's picture

Cameron...Spine???  ROTFLMAO.

Tue, 06/12/2012 - 09:43 | 2517677 Mitzibitzi
Mitzibitzi's picture

Somebody said that on the radio earlier. Things must be bad if even the Bankster's Brainwashing Corporation are allowing comments like that to go on air! As I mentioned, there was similar sentiment from a panel of historians yesterday, too.

Tue, 06/12/2012 - 09:36 | 2517643 youngman
youngman's picture

The problem is the people do not control what is going on....I do not care who they elect....its the Bankers...

Tue, 06/12/2012 - 09:36 | 2517644 Lucius Corneliu...
Lucius Cornelius Sulla's picture

The USA might have some "extremist" parties in power if the elections weren't rigged.  Thank God for the wisdom of the Washington DC politburo, er I mean Federal Election Commission and the ruling blue/red party apparatus.

Tue, 06/12/2012 - 09:36 | 2517645 wardawg12
wardawg12's picture

Don't forget Iceland, seems they know how to stay out of the crapper too

Tue, 06/12/2012 - 09:37 | 2517653 semperfi
semperfi's picture

Seeds being sown for yet another in the series of pan-European wars.  Place your bets now on who 'fires the first bullet'. 

Greece   5:1
Italy      10:1
Spain     20:1
France    1,000,000,000:1

Tue, 06/12/2012 - 09:56 | 2517710 N. B. Forrest
N. B. Forrest's picture

France had better de-mothball that white flag factory. 

Tue, 06/12/2012 - 09:59 | 2517718 francis_sawyer
francis_sawyer's picture

First they have to de-mothball the mothball factory...

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