Euroidiots

Not only are the Europeans a bunch of craven cowards, but they're also morons.

Even as euro-zone governments plead with the European Central Bank for a rate cut to spark their stagnant economies, they are increasingly tying the bank's hands by making another move: raising taxes, which in turn is raising inflation.

Annual inflation in the 12-nation euro currency zone last month edged further above the ECB's target of just under 2%, and tax increases being put in place or proposed in several countries threaten to drive it even higher. The tax increases, direct and indirect, stem from countries' burgeoning spending and budget deficits, despite EU rules that limit government spending.

Several governments facing budget gaps are choosing to increase revenue, through taxes, rather than cut costs. But the new taxes, primarily on consumer goods, also increase the possibility that labor unions will demand and get wage raises to compensate for the increased cost of living. That would further entrench inflation and is likely to prompt the ECB to keep rates higher than it otherwise would.

They just don't get it. And remember, these are the guys that Democrats want to emulate.