Hungarian Prime Minister Viktor Orbán has argued that "liberal democratic societies cannot remain globally competitive" because their decision-making mechanisms are anachronistic. As Orbán sees it, the alternative is to build what he calls an "illiberal" democratic state. And this, he posited, is not a personal whim: "Today, the world tries to understand systems which are not Western, not liberal, maybe not even democracies, yet they are successful."
Italian Prime Minister Mario Monti came out against both same-sex marriage and adoption, saying his country's parliament "can find other solutions for...
The New York Times' slant in describing Monti as a "technocrat" and Correa as a "left-leaning economist" is typical of the dominant media. Monti and Correa both have doctorates in economics from U.S. universities and both have been professors of economics. Why does the New York Times treat Monti reverentially and Correa dismissively?
The EU is now officially back in recession. Unemployment is rising in all of the nations that have submitted to austerity plans. Even the Germans, who benefit from the rest of Europe's pain because capital flight produces very low German interest rates, are headed for a recession later this year, according to the OECD. Europe's economies are prisoners of Merkel's austerity demands on one side, and the speculative attacks of the bond market on the other. In principle, the ECB could extend unlimited support to government bonds, and take the profit out of speculation. Draghi's latest announcement seems to offer just that, but the austerity conditions render it next to useless.