Europe

Last weekend we wrote that in Europe's attempt to contain the greatest refugee crisis since WWII, it would directly take control over the border control of the one country which over the summer lost its sovereignty (but at least it still has the euro), and which serves as a springboard for tens of thousands of migrants to proceed onward with their journey to Germany (where as reported earlier, they are no longer desired, as their continued arrival results in a plunging approval rating for Angela Merkel).

Having won Time's "Person of the Year" award, German chancellor Angela Merkel may have little time, or cause, for celebration.

The reason for that is that, as we noted yesterday when commenting on Donald Trump's snub of Time in which he said that it "picked person who is ruining Germany", is that according to increasingly more Germans, Trump just may be - in his trademark politically incorrect way - right.

Recall:

Good-Bye To Western Living Standards

Paul Craig Roberts

My column, “Capitalism At Work,” about Greek women being forced into prostitution by banksters and the IMF produced a number of responses from women, who report that austerity is having the same effect all over Europe.

This is from a letter from Portugal:

“Your article ‘Capitalism At Work’ shows absolutely what’s happened here in Portugal. It is common for young women to sell their body to pay the University fees and for food.