Loading ...It’s not a coherent force. There is no “left” to take control, the factions may band together to topple a government and then revert to their factionalism and the country stagnates with no leadership. Like Italy, and, surprisingly to me, now Germany too.
Maddog, I’m not sure about France being part of the core any more. Or even Germany. The Blob has acquired a life of its own and festers in its own bureaucratic dominance, immune to disruptions from institutions which are now on its periphery – which was always the intent. That’s why it needs the war with Russia, a final proof of its relevance on the world stage. Hopefully such arrogance will be its downfall. Having said that I can’t see how the Euro survives a French bond collapse. The EU has long been trying to issue its own debt and maybe this will be the catalyst. Whether it will succeed or not – who knows, but there is plenty of history showing that currency markets are much bigger than governments.
ipso 10:10 🙂