[mpeg]

> Maybe the populations of France, Spain, Italy et al will accept that they can't fund welfare states by borrowing in perpetuity and stop voting in radical left-wing governments.

Spain has never had a left-wing government, let alone radical left. Since democracy, we have had 4 centre-right legislatures and 6 centre-left, last of which was in 2008, with the current election deadlock still resulting in a majority of centre-right votes.

[objectivistbrit]

Thanks for the correction. I was researching the different political parties of Eurozone countries yesterday and it's difficult keeping track of whether a particular 'People's Party' is on the left or right.

I overstated that point but there certainly seems to be a strong left-wing base in every centre-left coalition in Southern Europe. And the centre-right coalitions follow a pragmatic mix of nationalism, traditionalism and capitalism. I.e., neither side has a strong will to cut state spending. Liberalism seems to be more a Protestant northern Europe thing.