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Showing posts with label PIGS. Show all posts
Showing posts with label PIGS. Show all posts

Wednesday, January 28, 2015

A fillip for Oz

His Royal Highness the Prince Philip, Duke of Edinburgh, Earl of Merioneth and Baron Greenwich, KG (Knight of the Garter), KT (Knight of the Thistle), OM (Order of Merit), GBE (Knight Grand Cross of the Order of the British Empire), AK (Knight of the Order of Australia), QSO (Companion of The Queen's Service Order), PC (Privy Counsellor).

Furore, outrage, huffin' and  puffin' , righteous indignation.These were some of the emotions that greeted the announcement that Prince Philip had been awarded an Australian knighthood. Tony's the man that done it! Captain's pick,purred he, then a couple of days later told everyone to take it easy, calm down, take a step back etc etc.  
In a hut in remote Yaohnanen on the island of Tanna in the South Pacific,  there is a shrine dedicated to The Duke of Edinburgh with clippings, correspondence and portraits, Children on the island are taught about a god who lives overseas in England and who will one day return , sleep in a hut and hunt for pigs with the villagers. Should be fun, he's always been a keen sportsman.

So, no furore here, not so perhaps,  amongst the pigs.

Saturday, January 3, 2015

It's all Greek

In July 2012, the European Central Bank's president, Mario Draghi promised to do "whatever it takes" to stabilise the Euro. Since then the fears of a Euro break up have receded into the background. That is until now.


For some reason the current Greek government under Mr Samaros decided to bring forward the presidential election to later this month. The Presidency is a largely ceremonial role but if Samaros cannot get enough votes for his candidate Stavros Dimas, a general election will follow. It seems likely, fingers crossed for the Euro, that Mr Dimas will win the vote. However the uncertainty  ( and investors hate surprises unless they pop , buck naked , out of cakes ) has roiled the Euro .

In case there is  general election ,polls suggest that Alexis Tsipras, the populist party leader would win. Although he professes to he would like to remain in the Eurozone , Tsipras  is making promises on public spending and austerity measures that would make it hard for him to keep his aims intact.

The potential and political fall out from the GFC in 2007, made any alternatives to the Euro "scary biscuits"and most preferred to stick with austerity rather than risking meeting the devil they didn't know. Now that the world has not ended and the affected economies appear to be stable, although painfully slow and sluggish, the political risks seem less perilous. The inertia of Europe, economically, is a problem that is current and perhaps more urgent.

There are disgruntled murmurings within EU ranks over still  current austerity measures and apart from the discontent within the  PIGS (Portugal,Italy,Greece and Spain) there are also signs of ferment in France and Germany while the Anglo Saxon Press take pot shots at the "smudgy amalgam of European Politics" to quote Churchill.

It would seem that the nightmarish thrills that turn on business tycoons before they go to sleep is still around but being optimistic, the jitters
does present traders with "opportunities" to earn some extra moolah.

ΏΠΑ!






Friday, November 7, 2014

And when he was halfway in he was....

neither in nor out...

It's been a while coming but it seems as if the Brits are not happy with the EU. Of course, there was always the deep rooted suspicion of "foreigners" eg those who live across the Channel. It is hard for them to accept the concept of a system that operates fairly smoothly without class. Unfortunately for Mother England, class still exists, maybe not as pronounced as previously but still prevalent.

Now the British have developed a taste for French wine, French cheese, German cars and spaghetti but that's enough of a good thing. The pretty little houses en Provence and in Espana are also all part of the deal but again, enough's enough. The wealthy ones are sitting pretty. Now is the time to get serious.

Unfortunately for the "Continentals" the British also also fairly rigid in their concept of rules and how things ought to be done. Hence the finger pointing at the "PIGS" ( Portugal, Italy, Greece and Spain) whose system of book-keeping is somewhat akin to gambling. The Germans and Dutch are pretty rigid but somehow manage to function without treating blue or white collar workers as troublemakers. There's a gap as wide as grandma's bloomers between the divisive Anglo Saxon philosophy and the more inclusive European system.

Having narrowly survived the eventuality of Scotland leaving the Union, the UK is now paying the price of many wealthy nations with refugees ,both economic and political,  flooding their shores. It's compounded by the old colonial outposts now wanting a piece of the action and repayment for wealth extracted. 

When voting regarding EU membership comes along who knows what will happen?. In the meantime the UK is taking a much harder line with refugees , much to the chagrin of the EU.