globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Saturday, March 09, 2013 6:31 PM
As I have repeatedly stated “Eventually, Will Come a Time When …. ”a populist office-seeker will stand before the voters, hold up a copy of the EU treaty and (correctly) declare all the “bail out” debt foisted on their country to be null and void. That person will be elected.”
Predicting when and where that happens is not easy. We have been following Greece, Spain, and Italy.
Could it be another country that gets the ball rolling? Actually, the most likely occurrence will be in a country that few are watching.
Please consider Dutch support EU referendum
Dutch lawmakers have been forced to debate a referendum on any further transfers of power to the EU after a citizens’ petition demanding a plebiscite garnered 40,000 signatures in two weeks.
Although parliament is not obliged to follow through with legislation, the move underlines the surge euroscepticism in one of the EU’s founding members, which could pose an obstacle to any further integration needed to bolster the eurozone.
