Three Cheers for Democracy...and France

I made a post a few weeks ago speculating wishfully that the French might reject the European Constitution in their national referendum, and I am now pleased to report that on Sunday they did indeed reject the European Union in all its vaunted glory and sent the aristocratic elites of Europe into a panic. Their dream for a continent united under one government has been put on hold. The people of France finally realized how much they would be giving up to a government based in Brussels.

This vote by the French will delay the ratification of the European Constitution for at least several years since the treaty requires that there be unanimous approval of the European Constitution by all 25 countries (which makes sense considering how much sovereignty they would be relinquishing), and the issue would probably come before the French people again in 2007 at the earliest.

The dollar is already gaining on the Euro.

The future of Europe is up for grabs. Read more about it here.