There is little doubt that the European Commission will enjoy a long Christmas break, but does it sleep? Are there promises of promotion if returning with some scam that can be placed at the door of taxpayer GB? All these antics having the support of the British contingent employed directly by this motley outfit of unelected drips.
It is easy to speculate what could happen to the discredited currency, as 'black holes' of debt don't disappear when shunted about, they just appear elsewhere, as noted in the previous blog. This point, nevertheless, needs to be stressed rigorously; no more fits of peak as other economies within the Eurozone bump along the bottom. When that happens, the markets are pointing out what many of us already know.
We can assume, therefore, that 2012 will be an uncertain year. The EU has got to commence thinking in terms of production rather than welfare; any fool can give other peoples money away. Britain will need to make a decisive move, dithering will not be good enough. The Prime Minister has to show authority, the current half measure will soon dissipate with the passing of time; decisions need to be made from the 'cat bird seat' while in the ascendancy. Timing is crucial, if he has the wherewithal to act. I'm sure we are about to witness plenty of opportunities.
TWO YELLOW CARDS OR ONE RED WILL SUFFICE.
FINGERS CROSSED, 'HAPPY NEW YEAR'.
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