Antigone and the Decline of the West

If Sophocles was alive today would he write of Antigone's need to bury the Euro.  I cannot be sure of that, but indeed, the Euro does need to be buried.  The Euro has been a stage curtain hiding the play beneath.  The play that had been going on beneath that curtain was a sad tale of nation after nation borrowing against the prosperity and competitiveness of other nations without a clear understanding on the consequences, or at worst, a reckless indifference to the inevitable reckoning.  Full and fair disclose here....I want this reckoning.  I want to see an accountable and well governed Europe and this is far from what is unfolding.  Greece is ungovernable.  The new French government seems set on agressively moving Europe into third world status.

Lets be abundantly clear.  There is NO growth option.  There is austerity and there is hyperinflation.  These are your two choices.  I only hope that Germany with its disasterous experiences in the 1920's understands the least offensive option here.  In fact, I would like to see nothing less that Germany withdrawing from the Euro as a clear message to those in Europe "living the dream" that the hyperinflation and currency debasement party is not one that plan to attend.

It now begins to appear that the Great Recession is something more that just an economic crisis like the Great Depression.  It is far more dire because it is not just parts of Europe but the United States as well; living beyond their means without the political will for accountability.  Therefore I must conclude that the both the economic, moral, and cultural strength, of the West has likely commenced a process of protracted crisis and extended decline.