perfidy

Joe Katzman at Winds of Change has a interesing post on the continuing unraveling of EADS/Airbus, following BAE's divestiture of its 20% stake in the Pan-European aerospace firm. This is just part of the problem with Europe, as many have noted. It seems to me that there might be, in the relatively near future, a convergence of catastrophe for Europe. There's the looming demographic collapse, and its corollary the growth of unassimilated Islamic minorities, stultified economies, military impotence, and so on. Let us keep in mind what the traditional European response to these sorts of trouble is, and hope that they come to their senses before it gets really bad somewhere around 2020.