RUN! RUN! RUN FOR YOUR LIFE (and your money)!!!!
Get the hell out of the euro-valley before the euro-dam collapses!!
News Analysis: A 'revolt against the establishment'
By Richard Bernstein The New York Times
THURSDAY, JUNE 2, 2005
BERLIN Some are calling it a simple divorce; others a disenchantment.
A French lawyer and commentator, Nicolas Baverez, who once wrote a book called "The Fall of France," used stronger language: It was "an insurrection, a democratic intifada," he said, an uprising that reflected the "despair and fears of the French in front of the decline of their country and the inability of their leaders to cope with the crisis."
To be sure, with the French "non" on Sunday and the Dutch "nee" on Wednesday, the European Constitution is pretty much a dead letter. That will have a great effect, stalling further European integration, making France unpopular elsewhere in the EU and possibly sending the euro, the common currency and a symbol of European unification, into a downward spiral.
But the French and Dutch votes also reflect a disaffection, perhaps, as Baverez had it, an insurrection, against the governing political elites that is taking place throughout what might be called the faltering European core, including France, Germany and Italy, all founding EU countries and still its main economic engines.
"I think there's a revolt against the establishment that leaves governments from Britain to France to Germany to Italy singularly weak," said Charles Kupchan, professor of international relations at Georgetown University and a fellow at the Council of Foreign Relations.
"And that spells trouble for Europe and it spells trouble for an America that will be looking to Europe for help on many different fronts."
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