By John W. Lillpop
As leaders of the Euro-zone are confronted with financial collapses, a grim new realty is beginning to emerge:
Socialism is a complete failure and simply does not work.
The big question for America: Is Barack Obama paying attention? Does he understand that socialism has proven, time and again, to be a recipe for economic Armageddon?
As reported, in part, at the reference, the official collapse of the euro may be imminent:
PREPARATIONS were under way last night for the break-up of the euro as Europe’s debt crisis spiralled out of controlThe collapse of the euro should serve as a warning to lefties like Obama, Harry Reid, and Nancy Pelosi that programs like ObamaCare will only make America’s financial crisis worse.
As Treasury officials worked through the night to soften the impact on Britain, David Cameron warned that the single European currency was facing its “moment of truth.”
Ministers are understood to be deeply concerned that French President Nicolas Sarkozy and Germany’s Chancellor Angela Merkel are secretly plotting to build a new, slimmed down eurozone without Greece, Italy and other debt-ridden southern Euro- pean nations.
Well-placed Brussels sources say Germany and France have already held private discussions on preparing for the disintegration of the eurozone.
At the same time, City insiders yesterday speculated that the “death warrant” for the euro had already been written, with a new economic bloc dominated by Germany and France almost certain to emerge in its place.”
Are you listening Mr. President?
http://www.express.co.uk/posts/view/283060
