Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Trumponomics Stock Market 2018 - The Manchurian President (1/2) - 21st Jul 18
The Death of Japan's Real Estate Dream - 21st Jul 18
SMIGGLE Amazing Mega Shopping Haul, Pencil Cases, Smigglets and Giant Back Packs! - 21st Jul 18
Cayton Bay Beach Caravan Park Holiday - What's it Like? - 21st Jul 18
Gold Stocks Investment Wanes - 20th Jul 18
Diversifying Your Stock Investing Strategies is Smart Investing - 20th Jul 18
Custom Global Stock Market Indexes May Be Sounding Alarms - 20th Jul 18
S&P 500 Just 2% Below Record High, But There's More Stock Market Uncertainty - 19th Jul 18
Stock Market Technical Picture - 19th Jul 18
Gold Market Signal vs. Noise - 19th Jul 18
Don’t Get Too Bullish on Gold - 19th Jul 18
Bitcoin Price Rallies to Upper Channel – What Next? - 19th Jul 18
Trump Manchurian President Embarrasses Putin By Farcically Blowing his Russian Agent Cover - 19th Jul 18
The Fonzie–Ponzi Theory of Government Debt: An Update - 19th Jul 18
Will the Fed’s Interest Rate Tightening Trigger Another Financial Crisis? - 18th Jul 18
Stock Market Investor “Buy the Dip” Mentality is Still Strong, Which is Bullish for Stocks - 18th Jul 18
Stock Market Longer-Term Charts Show Incredible Potential - 18th Jul 18
A Better Yield Curve for Predicting the Stock Market is Bullish - 18th Jul 18
U.S. Stock Market Cycles Update - 18th Jul 18
Cayton Bay Hoseasons Caravan Park Holiday Summer 2018 Review - 18th Jul 18
What Did Crude Oil - Platinum Link Tell Us Last Week? - 17th Jul 18
Gold And The Elusive Chase For Profits - 17th Jul 18
Crude Oil May Not Find Support Above $60 This Time - 17th Jul 18
How Crazy It Is to Short Gold with RSI Close to 30 - 16th Jul 18
Markets Pay Attention Moment - China’s Bubble Economy Ripe for Bursting - 16th Jul 18
Stock Market Uptrend Continues, But... - 16th Jul 18
Emerging Markets Could Be Starting A Relief Rally - 16th Jul 18
(Only) a Near-term Stock Market Top? - 16th Jul 18
Trump Fee-Fi-Foe-Fum Declares European Union America's Enemy! - 16th Jul 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Europe’s Refugees Are A Global Crisis

Politics / Refugee Crisis Sep 24, 2015 - 12:24 PM GMT

By: Raul_I_Meijer

Politics

At the moment I start writing this, leaders of European nations are in a meeting in which they talk about refugees that, though it was announced over a week ago, was nevertheless labeled an ’emergency’ meeting. The only thing that truly tells you is that Europe still refuses to see the refugee situation as an emergency. And that’s not just semantics.

Of course there’ll be all sorts of bickering about the difference between migrants and refugees, and tons of words about how “we” should separate the two, and send people back, and strengthen European borders, and fight the human smugglers. None of which addresses reality, or at least at best a tiny sliver of it.


“Smugglers” are not the problem, it’s the people they “smuggle” that are. Or perhaps we should turn that around and admit that in fact it’s the European leaders who are the problem. It’s they who lack any courage or vision, or even a basic understanding of what is going on.

Angela Merkel has gotten a lot of accolades when she opened Germany’s borders to Syrians, even though that only lasted a few days. But people seem to forget that she is Europe’s most powerful politician, and that makes her responsible for a lot of the drowned children who lose their lives on a daily basis in a small stretch of the Mediterranean between Turkey and Greece.

Merkel should have acted much faster. She’s just as culpable as all the other jokers in Brussels and various EU capitals. They all were, and still are, hoping this issue would go away by itself. Instead, the issue has only just started, and the whole continent is woefully unprepared to this day.

German paper Die Welt ran a story this weekend (in German) that detailed how Merkel and her government were warned in Q1 by the German federal police (Bundespolizei) that a million refugees would be coming to Germany in 2015. And did nothing. The paper didn’t provide a precise date, but Q1 ended close to 6 months ago, so we know Merkel et al could have acted on this information -and prepared- at least half a year ago.

Have they? Given the chaos that developed within a few days of allowing refugees to enter the country, our money’s on a resounding NO. So those portraits we’ve seen with Angela dressed up as Mother Teresa can now be filed away as ludicrous.

The outcome of today’s meeting is very easy to predict. There will be promises of millions of dollars, and of saddling Greece and Italy with huge camps to house refugees in, far away from whoever is either too comfortable or too right-wing to deal with Europe’s new reality.

There will be nothing in writing that comes even close to what is needed, neither financially nor in practical terms. All politicians will feel free to pander to, and hide behind, their bigoted populations.

These talks should have taken place at least half a year ago. That might have saved children’s – and adults’- lives both in the meantime and in the future. That nothing of true value happened between the moment Merkel got her warning and last week’s announcement of this week’s “emergency” meeting not only tells you all you need to know about Merkel and her peers, it also is certain to both have made matters worse and to continue doing so going forward.

There is precious little to be expected from Europe’s leadership, because there is so little of it. They all like the power but skirt the responsibility. The EU apparently seeks to charge 14 nations with 19 cases of violating EU asylum treaties, but countries like Croatia and Hungary were so unprepared for what happened to them, this could only have led to panic and fences and police dogs. It’s a miracle nobody shot a whole bunch of refugees. Yet.

It could all have been prevented if Merkel had decided not to shelve that warning from her federal police force, and instead had called a high level summit then and there. But she was too busy whipping Greece into submission, and hoping, as all other did, that one morning it would all prove to have been a bad dream.

One would suspect that French secret services also had information on what was to come, but François Hollande is a dunce who spends his time counting votes and reading polls. David Cameron would probably prefer to drown and/or shoot that ‘swarm’, and the other heads of state either don’t count for much in terms of population numbers or elect to keep their mouths shut lest they risk the next election.

If Europe’s leaders don’t tackle the issue now, and in an effective way, we risk, with a likelihood bordering on certainty, much worse than we have seen so far. The refugees will not stop coming to Europe. But with autumn now on the doorstep, their journeys will become much more perilous, and deadly.

Europe is set to change, and in very sweeping ways. That cannot be altered. What can be done is to treat refugees like they are human beings, whose lives matter the way German and French lives matter.

Moreover, if Merkel had called that EU meeting in early spring, she would rapidly have concluded that it was not enough. That this is not a European problem. Very few of the refugees, after all, are European. It is, therefore, a global problem. And there is a political body to deal with those, the UN. Merkel would have called a UN meeting long ago if only she had called that EU meeting first.

Why the UN itself hasn’t even opened its mouth, other than to chide Europe, is a mystery. It’s on a fast track to becoming redundant.

The US has announced it will accept 10,000 Syrian refugees – who may take two years to be processed. For perspective: in the space of just three hours this morning, 2,500 arrived on the island of Lesbos alone. The US cannot deny its share of the blame for causing the crisis. It can still, however, start acting in a humane fashion.

Not like Hollande and Cameron whose main target today is increased bombing of the very places the refugees are fleeing from, not providing them with asylum away from those places.

The refugee question should be the top priority in the talks Obama has with the Pope in America in the next few days. As it should be in the meeting(s) with Chinese president Xi Jinping, who’s also in the country. But it doesn’t look as if that’s going to happen. It’ll be a sidenote at best.

Merkel has a narrow window to right her wrongs, and it’s closing fast. If she doesn’t act now, we’ll see Europe’s lack of humanity and abundance of disgrace bared even more, and increasingly so.

There will be blood.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)© 2015 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Raul Ilargi Meijer Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules