In response to:

The World Isn't Buying Europe's Nonsense

Blue Pill Wrote: Jun 27, 2012 5:03 PM
Governments, like people, tend to do what's best for their own self-interest: whatever gives them the best benefit for the least amount of work. As long as the possibility of getting a bailout exists, countries like Spain will always choose that over making real reforms that would fix their problems. Get a new infusion of cash, kick the can down the road for a few more years, rinse and repeat. The only way these countries will turn themselves around is if the cash spigot gets shut off for good and they are left with no choice but to fend for themselves.
As European leaders meet this week in an attempt to once again shoo reality away from the continent's respirator, countries outside the European Union are making it increasingly clear that they'll have no role in prolonging the charade.

Cyprus has just asked for a bailout from the EU's ATM, joining Greece, Ireland, Portugal and, most recently, Spain. So what's the excuse this time? Apparently Cyprus' intimate exposure to the Greek economy was more than enough economic Ebola.

So another beggar's cup starts rattling just in time for yet another summit of European leaders. Are they still actually...