The latest numbers on the Eurozone economies are showing nothing, with an official recession call barely avoided. And without Germany’s slightly better economic performance in the first quarter, the recession would be official.
In an impassioned plea before the European Union’s so-called “Parliament,” United Kingdom Independence Party (UKIP) leader and popular MEP Nigel Farage compared the EU to the Titanic hitting the infamous iceberg — warning that mass civil unrest, revolution, the re-emergence of National Socialism (Nazism) and economic disaster could all be imminent unless the controversial integration project is abandoned immediately. Europe’s rulers, as usual, largely ignored the speech. But citizens and analysts alike took notice.
Farage, likely the most well-known member of the European Parliament, has become internationally recognized in recent years for his powerful speeches slamming the EU and its controversial policies. Millions of people have seen videos of his talks online. But his latest speech on May 9 — so-called “Europe Day” among EU enthusiasts — was among his starkest warnings about the European scheme thus far. It quickly went viral.
On Wednesday, Russia commemorated the 67th anniversary of the Soviet Union’s victory over Nazi Germany, with a massive military parade in Moscow. The hour long ceremony was akin to the old May Day and Victory Day rallies held by the Soviet Union during the Cold War.
On Sunday French voters, angry over austerity measures, replaced President Nicolas Sarkozy with Socialist Francois Hollande.