“PIGS’ stands for Portugal, Italy, Greece and Spain.
These countries are in deep doodoo.
Financially, that is. Desperation makes strange bedfellows.
The sooner the EUrabian utopia and the Brussels circus collapses, the better. Â The hangover will be painful, and the measures to reverse the idiotic megastate Â allures of the Brussels bureaucrats Â will cost dearly, but it will happen.
For now, however, HOPE still beats Â reality, and Spain, one of the PIGS states, is trying a new trick that will only exacerbate the disaster. We only need to look towards the US to see how all that hopenchangin’ is working out. Sharia finance cannot work and will not work. The concept Â doesn’t even work in Arabia. It is unworkable. But Western politicians, most of whom never held a job and couldn’t run a coffee shop, are selling the future of our kids down the gurgler. Signs of things to come:
Spain is close to the Islamic world, a gateway to Europe, and a connection with Latin America.Â Saudi Arabian businessmen plan to establish Spain as a hub of global Islamic financeÂ (IMRA, 4/27/10).
Islamic rules of finance are laid down by Sharia, Islamic law.Â As I have reported, a speaker at a rally in New York explained that Sharia requires Muslim business to donate to charity, but these charities often are terrorist fronts.Â Does the Spanish government realize this?Â Does Spain know that Islamic doctrine holds that areas formerly conquered by Islam, including Spain, must be returned to Islam?Â The same goes for Israel, but the Spanish king, Barry Chamish points out, has been traveling all over for years, on missions to assist Muslim claims to Israel.Â He would be better advised to work with Israel to preserve his own country.Â His country faces not just a simple change of religion, as it would be for, say, leaving Catholicism and entering Protestantism, but a loss of freedom and all sorts of cultural restrictions.