I'm waiting to see what Merkel has to say when Germany slides into recession
(probably early next year) Germans start to lose their jobs and exports dry up
because their world wide customers are running out of cash. I just wonder how
good she will think the Euro is then. I know Germany went through it's own tough
period with reunification but it's one thing to do it for your own people but
quite another when it's for a bunch of ungrateful's.
It seems incredible that this bunch of unelected bureaucrats have got this
far.....Greece must leave the euro and it will increase the chances for the
rest. The departure should be orderly, so as to give the Greeks chance to
resurrect themselves....The politicians are only interested in saving their own
false dream which has become our worst nightmare. They are not focussing on
where the ship is going and it is getting too close to the island. Think about
economic recovery and jobs and stop playing around with the lives of the Greeks.
The Euro will probably recover a lot if some positive and common sense actions
are taken.
They made a fortune selling machine tools to developing countires and now
there is a surplus of production.... and falling world demand......so prespects
of selling more look grim....and due to the austerity they have imposed on all Europe the middle
classes are now just trying to survive....so little or no money for treats like
expensive German cars ......but more importantly its a change in mind set, and
image is no longer important or so important seems like they have been digging their own grave (and the rest of Europe)
.....just a surprise that it took so long to arrive at their door....and I think
that in the case of Germany it could be dramatic turndown seem to remember that Spain was Audis biggest European Market....and so here we are in the umpteenth round of the European Can Kicking Contest
and are we any further along for all the meetings replays and extra time towards
a resolution?
The ECB wanted it settled by penalty shoot out but the Spanish refuse to play; the French team threatens to go on strike again, Greece demands a longer run up, the Italians fell over spectacularly on the run up screaming "Penalty!" England formed a wall inside the 6 yard box and Ireland refused to kick it and opted instead to beat it with sticks.....and Germany elected to play like Kuntz.
He He!!
The ECB wanted it settled by penalty shoot out but the Spanish refuse to play; the French team threatens to go on strike again, Greece demands a longer run up, the Italians fell over spectacularly on the run up screaming "Penalty!" England formed a wall inside the 6 yard box and Ireland refused to kick it and opted instead to beat it with sticks.....and Germany elected to play like Kuntz.
He He!!
4 comments:
Scrap foreign aid. Bring all the troops home. Scrap quangos, windmills, solar. Shut the borders to unemployable immigrants and repatriate all those immigrants here who are currently unemployed. Stop wasting billions on the EU and IMF.
It is an utter disgrace that these monies are being wasted whilst our own UK citizens are being made to suffer austerity for the stupidities of the bankers and the politicians.
The long and the short of it is that the trajectory of government spending set up by Gordon Brown was never sustainable and the cost of his electoral bribes has to be cut back. I cannot believe that people are saying Osbourne has to stop cutting when we are still pumping 8% of GDP into a Keynsian support.
Perhaps the falling tax revenues are due to the fact that we are already overtaxed. The real need that the government needs to address is the simplification of the tax system, but that will never happen within a coalition with the libdems.
quote headine:
"Ease off on austerity, IMF warns Chancellor George Osborne"
Austerity ? - What austerity?
The budget deficit is larger now than under Labour in 2010 !
No growth, lack of demand and perma-slump in Britain ....
What amazes me, is that there are no protests on the streets of London against our crap coalition government that have achieved nothing since they got into power over two and and a quarter years ago.
They said they would stop QE. They said they would make drastic cuts in public service sector spending and cull manning levels and salary levels. They said they would reduce the national debt. They said that they would reduce the budget deficit. They have done none of these things. They have failed miserably. QE has happened TWICE in the last two years. The deficit for 2012 is already over 25% of the total amount reached by Labour for the full rolling year June 2009- May 2010.
Worst of all, nobody is bothered to take to the streets in Britain in protest that Cameron is denying us our democratic right to a British "IN" or "OUT" EU membership referendum.
Yet we have people here calling for riots in Europe against the austerity measures in Spain and Greece.
China's Economy Shows Signs of Stabilizing as Exports Strengthen
Bloomberg
That was more than the 5.5 percent median estimate in a Bloomberg News survey of economists. M2 money supply gained 14.8 percent, the fastest pace since June 2011, a central bank report showed the same day. Inflation numbers due today and an Oct.
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