Turning Point - Eurozone Crisis

Guardian Live - Euro: Reports that with the 1st round success of Francois Hollande in France, the fall of the Coalition Government in the Netherlands and demonstrations in the Czech Republic, the EU faces “ …three separate events illustrate a major turning point is the eurozone crisis. ”.

Lets Get Real:

At its most basic folks the EU Elite have tried to keep the Euro at the cost of eye watering austerity that hits people, the problem for the elite of the EU is the fact that Europe is a Democracy, people are the final judges, if they will not accept the tough austerity packages of their Governments they can VOTE them OUT or the Governments fall due to internal problems, this has happened to the PIIGS, France, now Netherlands. Sooner or later folks a brave EU politicians is going to put his career first not that of the EU. Lets see if its President Sarkozy.

UK Losses Today - Market Meltdown

Telegraph Live - Euro: Reports in its 5.25pm post that 27.6 billion pounds was wiped off the value of Shares today in the UK.

Lets Get Real:

Folks this up and down in the Market wont stop in till the EU has major reform of the Euro and the Welfare State. As for the Euro the PIIGS have to get out, they are like a cancer, they are eating the system form inside, and there is no cure. When it comes to the Welfare State the old post 1945 model has to be reformed, the left has to grow up, the UK and the rest of the EU with the exception of Germany is broke. The Welfare bill, and that includes heath never goes down, just up and up. The population is aging, there are not enough young people working to fund the system, the reforms by the EU to prevent people being forced to retire means that the young have even a less chance of getting a job. Thus the Euro and the Welfare State will kill the Euro, if EU politicians are not careful it will also kill off the EU.

Markets Meltdown

BBC News: Reports on the tumbling Stock Markets in the US,UK and Europe.

Lets Get Real:

The reason the Markets have gone down between 1% and 3% is the fact that Francois Hollande won the 1st round of the French Presidential Election, his promise to spend if he gets elected has spooked the markets, France will become the next target of the bond market. In the Netherlands the PM and Cabinet have resigned because the Coalition Government could not agree a plan for austerity. Also European indications show that Europe is in recession. Thus folks we have seen the Governments fall in the PIIGS, now France and the Netherlands can be added. It is simple folks, the Welfare State is killing civic government in Europe.