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MOODY'S AND THE EUROPEAN UNION

[Groene, The Netherlands]

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Liberation, France

Democracy Crippled: Economics Replaces the Separation of Powers

 

"This old paradigm has been swept away by the financial crisis. The last three years, with all their ups and downs and breathtaking tempo, have shown how obsolete this basic structure has become. … With nothing to counterbalance or regulate it, this new and more brutal structure now controls the others and imposes its own laws."

 

By Nicolas Demorand

 

Translated By Mary Kenney

 

December 7, 2011

 

France - Liberation - Original Article (French)

British Prime Minister David Cameron: His decision not to join with his E.U. partners in crafting a new agreement on the euro has created a fateful split.

BBC NEWS VIDEO: British Prime Minister David Cameron's decision to go it alone by rejecting new E.U. agreement, Dec. 9, 00:03:59RealVideo

Executive, legislative, judiciary: political philosophy teaches that a democratic state is based on the separation of these three powers, but also on the counterbalancing dynamic that each exerts on the other two, with no one power watching itself. This old paradigm has been swept away by the financial crisis. The last three years, with all their ups and downs and breathtaking tempo, have shown how obsolete this basic structure has become.

 

Nicolas Sarkozy and Angela Merkel, with great pomp and self-satisfaction, announce their projects for Europe. Just a few hours later, a rating agency makes them look ridiculous by placing the eurozone under a negative credit watch. The founding structure of democracy is now being replaced with a new and more brutal economic one. With nothing to counterbalance or regulate it, this now controls the others and imposes its own laws.    

Posted by WORLDMEETS.US

 

Never has the balance of strengths and weaknesses been so apparent; never has political power seemed so crippled. The principal issue in the presidential campaign will be to mask the political turmoil and sheer impossibility of any effective political action. The three years that have just elapsed have seen firefighters chasing fires, but always too late. Commentators will focus on the beauty of the diplomatic movement and the skill of diplomatic compromise. But it will all be played out, today and tomorrow, in the management of the social consequences of the crisis.

 

Senior columnist John Authers and editor Lionel Barber discuss how the

new treaty to enforce changes to the E.U.'s fiscal rules could be enforced

without Britain on board, whether it's enough for to appease markets,

and where Cameron's stand leaves Britian.

[CLICK HERE OR CLICK PHOTO TO WATCH]

 

SEE ALSO ON THIS:

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El Pais, Spain: Occupy Wall Street: Will it Help or Hinder Reelection of Obama?
Wochenzeitung, Switzerland: Swiss Occupy Movement Too Respectful of Authority

Frankfurter Rundschau, Germany: 'Occupy' is the 'Mega-Event of the Century'
Mainichi Shimbun?, Japan: 'Occupy Wall Street' Threatens to Divide American Society

Kayhan, Iran: Wall Street Uprisings Herald Victory of Islam and Iran!
Sueddeutsche Zeitung, Germany: Like Americans, Germans Must Stand Up at Last!

La Jornada, Mexico: Jobs' Career Showed How Capitalism was Meant to Work
Die Welt, Germany: Wall Street Occupied by Tea Party of 'Generation-Twitter'

Il Sole 24 Ore, Italy: How Finance Sector Greed Tramples on Human Rights
FTD, Germany: America's Economic Crash Had Little to do with September 11
Estadao, Brazil: To Shorten Crisis, U.S., E.U. Should Look to Latin America
Frankfurter Rundschau: Obama's Middle Road is Fatal
La Jornada, Mexico: The 'Grand Debt' of U.S. Families
Jornal Do Brasil, Brazil: American Default and the End of 'Zero Risk'
The Telegraph, U.K.: World Needs America to Come to its Senses
El Pais, Spain: Playing Chicken is the World's Newest Sport
Mainichi Shimbun, Japan: U.S. Must Prevent Another 'Made in U.S.' Disaster
Yomiori Shimbun, Japan: U.S. Lawmakers Should 'Stop Playing Political Games'
Yezhednevniy Zhurnal, Russia: The U.S. and Soviets: Pyramid Builders to Raiders
Frankfurter Rundschau, Germany: 'Radical' Republicans Threaten U.S. with Ruin
Tiscali Notizie, Italy: The Fiscal Decline of the 'Apocalypse'
News, Switzerland: Notion: 'Pay Politicians Based on Performance'
Salzburger Nachrichten, Austria: Debt Ceiling Attack By Republicans 'Backfires'
Gazeta, Russia: America's Astonishing 'Battle for the Ceiling'
People's Daily, China: U.S. Game of Chicken Threatens Creditors and Economy
Die Zeit, Germany: U.S. Risks 'Plunging World' Into New Financial Crisis
O Globo, Brazil: Global Economy Hangs on 'Mood' of U.S. Voters
The Telegraph, U.K.: Down on the Fourth of July: The United States of Gloom
Financial Times Deutschland, Germany: For Americans, a Dour Independence Day
Financial Times Deutschland, Germany: Who Cares about the U.S. Economy?
Folha, Brazil: U.S. Conservatives Threaten to Plunge U.S. into 'Lost Decade'

 

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[Posted by WORLDMEETS.US Dec. 12, 2:09am]

 

 

 







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