Vaclav Havel, a Czech playwright and political figure who became Czechoslovakia’s President following a non-violent uprising in 1989 that ended decades of Soviet rule in that country, died December 18 at the age of 75. Almost immediately upon news of his passing, eulogies lionizing Havel as one of the great “liberators” of the 20th century began flooding the print, broadcast, and Internet media.
Is it certain that the nations of the European Union are heading for a hard fall? It certainly looks that way. When the overspending of governments such as Greece, Portugal, and Ireland were involved, the threat to the euro was real, but it could be psychologically contained (an important factor in maintaining the stability of financial institutions). Those three nations, after all, are small. Spain, the fourth member of the “PIGS,” was more than half the size of the Italian economy, but much of the industrialized West has viewed Mediterranean nations as inherently volatile.
Last November, the British coalition government introduced a new requirement into immigration rules: The immigrant must be know the English language. The rule was challenged by Rashida Chapti and Vali Chapti, two Indians in their 50s. Rashida speaks English but Vali, her husband of 37 years, does not. Currently the couple lives separately because of that obstacle. In their lawsuit, the couple claimed that the language requirement violated their rights under the European Convention on Human Rights, which guarantees the right to family life and the right to marry.
A United States of Europe — minus recalcitrant Great Britain — is nearly upon us; thus saith Forbes magazine. “The euro, in its old form, has fallen into crisis and the price European countries have to pay is a large loss of sovereignty,” writes Clem Chambers (left) in the Establishment conservative magazine. Chambers continues:
As reported by Annika Breidthardt for RealClearMarkets.com, the latest European crisis summit that ended last weekend resulted in “a historic agreement to draft a new treaty” which she then characterized as “too little, too late.” Reaction of the equity and currency markets agreed, with substantial losses in American and European stock markets opening the week, and the euro dropping to lows not seen since last February.