POSSIBLY A WEEK OF IGNOMINY FOR EUROPE.

During the last week, Brussels has got excited about it's space flight to one of Saturn's moons. This little exercise will cost an admitted 1 billion Euros. Simultaneously, the Berlin Group, a bunch of federalists who wish to dictate a common tax regime throughout the European Union, with a view to introducing a transition tax on all banking deals. This would go to funding losses of under performing Eurozone members, with the largest contribution coming from the City of London. I'm sure I don't have to remind readers, that the UK does not operate in the Eurozone. The proposition is typical of socialist accounting, robbing Peter to pay Paul.

However, these little sideshows could be blown apart by what will happen at the polls in France and Greece this weekend; should, as expected, Francois Hollande succeed Sarkozy as France's new President, promising all kinds of economic mayhem, with the usual socialist nonsense of spending money that does not exist. This is a 'no win' situation, should he go ahead, the nation goes bust. Alternatively, in not living up to his promises, one can only envisage strikes. As for the Greek situation, heaven only knows. It's suggested that the far right is gaining support, as with much of Europe.

France nevertheless holds the key. Hollande, a socialist nonentity, who is the father of four children from his former relationship with Segolene Royal, Sarkozy's challenger in the last presidential elections. How? one might ask, does he, Hollande, become the socialist candidate following the political demise of the front runner, the alleged priapic, Dominique Strauss-Kahn. Strauss-Kahn, former head of the International Monetary Fund. Could he have pursued the same policy, having spent years advocating economic common sense?

NEXT WEEK COULD BE A LITTLE DIFFERENT.