Is Western and Northern Europe beyond hope?

I’m reading today’s news from WN Europe.

  • The West Midlands Police, one of the UK’s largest polices,  are considering to allow their policewomen to wear a  full-face covering Muslim headsack called “burka’ on the job, as they drive to “increase the representation of BAME (Black, Asian, and minority ethnic) officers to 30 per cent”.  Chief Constable David Thompson has justified the idea with “cultural sensitivity”.  The hijab, which is a Muslim scarf to cover only the head and neck, has been part of the London Metropolitan police force’s uniform for more than ten years and it has been introduced by many other UK forces since, including WMP, and most recently in Scotland,  this June.

burka-new

 

  • An Iraqi brother and sister, who emigrated to the UK with their family as asylum seekers and who were handed a council house in central London worth around £1.3 million, have both been charged with terror-related offences.

And here’s a piece of news from PC madhouse Sweden as well:

  • An interpreter has been suspended from duty by the Swedish Migration Board after she made a remark that many Arab migrants lie about their background to boost their chance of getting asylum and higher welfare payments. That’s a proven fact, of course.

Then there are today’s news from France.

  • Three women have been arrested  in Paris near Notre Dame cathedral. They had been planning an attack on a Paris railway station.  One of them stabbed a police officer with a knife.
  • Then two French women have been assaulted  and their husbands severely beaten, as their children  watched!, on the French Riviera after a gang of young Muslims called the women “whores” because the women were wearing shorts.
  • A French mayor has been reported to the police for so-called “hate crime” by left-liberal “social justice warriors” because he cited  a 1959 de Gaulle speech:

It is very good that there are yellow French, black French, brown French. They show that France is open to all races and has a universal vocation. But [it is good] on condition that they remain a small minority. Otherwise, France would no longer be France. We are still primarily a European people of the white race, Greek and Latin culture, and the Christian religion. Do you think the French body politic can absorb ten million Muslims, who tomorrow will be twenty million, after tomorrow forty? If we integrated, if all the Arabs and Berbers of Algeria were considered French, would you prevent them to settle in France, where the standard of living is so much higher? My village would no longer be called Colombey-The-Two-Churches but Colombey-The-Two-Mosques.

Similar news could be found from Western and Northern Europe by the dozens each day.  It looks like now the lethal mental disease of ‘politically correct liberalism’  manifests itself in newer and newer heights of insanity in WN Europe.

Prime Minister Orbán was awarded the “Man of the Year” award on Poland’s prestigious Krynica Economic Forum a few days ago. He said that

Twenty years ago young Europeans were always told that if they complete their studies, respect the laws and work diligently then they can get further in life than their parents had. But young people in most of the old EU member states would laugh at this idea today. This is still true in Central Europe, so Central Europe is the home of the “European dream” now.

Regarding the topic of migration, Orbán said that

the European countries should help those in need but at the same time they should preserve their own identities… The root cause of the migration crisis is that Europe is currently wealthy but weak. … It had to be made clear that there is a legal process that needs to be followed if one wants to enter Europe. If Europe does not make this clear it will lose everything it has worked for and it will be overrun by another community that has a stronger identity. Many overestimate the impact multiculturalism has on integration and underestimate migrants’ ability to preserve their own identities.

and, most importantly, he added that

Europe needs deep changes. These changes must be rooted in a cultural counter-revolution.

Nothing short of that will save WN Europe!  Politically correct liberalism must be eradicated from politics, media and cultural life.

 

Who do you owe to?

Due to the irresponsible, crazy political and economic policies of the Hungarian Socialist-Liberal (MSZP-SZDSZ) coalition, Hungary’s public debt ratio quickly rose from around 50% to around 80% between the disasterous time period of 2002-2010.  When the global economic-financial crisis hit, Hungary de fact defaulted in 2008 and only the huge IMF loan (25 bn Euros) saved the country. (The Orbán government paid it  all back last year, one year earlier before the last instalment was due.)

Government debt ratio compared to  the GDPEven though the 80 percent debt ratio is now not uncommon in Europe (in 2012, Belgium had 99.8%,  France had 90.2%, Germany had 81%, Spain had 86%, the UK had 88.7%)  this high debt ratio is still a problem for Hungary. And that’s because the debtors have been mainly foreign funds with little or no commitment to Hungary as a country.
On the other hand Japan has a 220 percent debt-to-GDP ratio and that’s manageable for them…  The reason is because Japan, and also the previously mentioned countries, owe their public debt mostly to their own people and companies.

So this graph, which shows the Hungarian Treasury bonds owned  by residents, is very promising indeed. Hungarians trust the country with their money at last.

Hungarian T-Bills owned by residents

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Big bank bets on economic recovery

When you look at Hungary from a macro standpoint, Hungary is doing OK… Hungary and central and east Europe as a whole are going to outperform the rest of Europe in the next one-and-a-half to two years… there is a lot of infrastructure investments and competitiveness is higher than in western Europe, and this will continue.

General manager Laurent Poiron said after the big French bank BNP Paribas  became  the first foreign lender to sell Forint-nominated bonds.

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