The EU right now is like a car with a leaking radiator.
Some of you may have no idea what that means. For the non-mechanical, let me explain. The radiator is a large device usually at the front of the car that is just one major component in the engine bay. It has coolant continuously cycled through it. The coolant cools off in it and goes back into the engine, to keep the hot parts of the engine cool enough that they don’t begin to melt and seize together. Technically, you could run a car’s engine without a radiator, but in pretty short order it would overheat and the engine would be a piece of useless junk unable to ever run again.
Right now in Europe – the fiscal crisis in Italy, Spain and Greece are the leaky radiator. The EU keeps pulling over to pour more coolant into the radiator every couple months. In this case the “coolant” is billions of Euros. Eventually, because no one is making any move to actually fix the leak, they are going to run out of coolant. Once that happens, and no one is standing around that can be forced to throw billions into the leaky radiator, the engine will sputter for a short while longer then seize.
That was all the long set-up for this link:
Italy follows Spain on missing deficit target
To date, no one is fixing the problem. As many have pointed out in the news, the socialists are still on the rise across many European nations – that makes it even more unlikely that the structural problems of Europe will be addressed.
I would also recommend highly reading Pastor Brian’s take on this as well. He has been posting frequently, and I have been greatly blessed by his clear insights into scripture and grasp of economics and politics.