ITALY RETURNS TO DEMOCRACY.

The recent election in Italy should throw the Eurozone into renewed turmoil. No matter how much Brussels will vacillate about the result, and the will of the the good people of Italy, obviously the latter are getting fed up with the austerity demanded by their European masters. Unfortunately, the status quo has to remain, unless, conversely, they decide to make the smart move and get out, bringing their currency back into the real world. Naturally, this is pain. Is this better than 'melt down' a little further down the road? Undoubtedly!

We have referred, in the past, to the farce currently being played out throughout all of Europe. Although Britain is intrinsically involved in this mayhem, Brussels continues on its way, ignoring the mayhem. This is the normal response of socialism; they can't see the wood for the trees, and consider the chaos that surrounds them.

Should there be a more serious concern regarding this stupidity, it is the fact that the 'big spender' on the other side of the Atlantic would prefer the United Kingdom to stick with this shambles of an outfit barely staying afloat, east of the English channel.


DON'T EXPECT THE PROBLEM TO GO AWAY.

WORK ETHIC AND CURRENCIES.

An interesting item, noticed in the British national press this week. An American business man, Maurice Taylor, of Titan Tyres and Wheels had been approached by the French Government, with a view to saving the Goodyear plant at Amiens. Mr Taylor duly visited the factory to observe the situation. His findings don't make for good news for the French regime. The workforce are contracted to complete a 7hr. day. The study concluded that each worker did not exceed more than 3hrs work per day. Much of their routine consisted of talking to each other, along with the accepted hour for lunch. Mr. Taylor convened a meeting to thrash out some kind of deal to make the unit profitable; the Unions however, would not agree to anything without being guaranteed a job for life. Naturally this was the end of negotiations; and the factory will close down.

What appears to be mystifying is that the £sterling is weakening against the Euro. This is happening as the workplace in the United Kingdom is becoming more buoyant, therefore showing greater tax returns. On the downside, economists seem to think the continued quantitative easing is still required, and could be one of the reasons. In addition, it is possibly an orchestrated ploy to gain a bigger foothold with more exports? It is dangerous nevertheless, as fuel oil is leaping up considerably.


HOW ABOUT WORKING HARDER.

NEIGHS TO THE RIGHT, NEIGHS TO THE LEFT.

With apt reason, Britain is embroiled in a horse meat scam. Processed meat products, from burgers to lasagne, are being produced from horse meat, but labelled as beef. This may or may not be detrimental to health, but it is disgraceful that the purchaser is being misled. Much of this could well be due to European Union law. To follow much of this complicated business, one needs a complete map of Europe. This is not to apportion blame on any state in particular, as this fraud would appear to be occurring in a number of EU countries, Britain not excluded.

Much political capital is being generated, suggesting that government should be overseeing laboratory tests all over the place. It certainly is disconcerting that such activities are passing under the radar. This, however, stinks of well organised crime gangs who, even if they are apprehended, are aware of weak laws. The fact that this produce can be processed in a series of plants hundreds of miles apart; heaven only knows what offal might be included in the eventual minced product. Another aspect covering any production inside the EU, it only needs to be pointed out that it came from the EU. From whence doesn't matter. This creates a wonderful opportunity for 'con artists'.


WE NEED STRONG SENTENCES TO 'UP THE ANTE'.

THE CIRCUS HITS PARIS.

'Brand Beckham' has rolled into the French capital, to become head shirt salesman for the football club, Paris Saint-Germain. He, Beckham, announces that his income for playing, believed to be around £1.7million, not a bad deal for a third team player, if one considers his shirt number, will go straight to charity. A wise move considering the high tax regime imposed by the new socialist administration. One assumes that his income will be derived from shirt sales, the going rate being 110euros a garment, so poor David won't be without jam on his bread.

We can only suppose that ripped jeans will abound along the Champs Elysees, sporting farcical hair styles, this is before we get around to additional hectares/acres of massed tattoos.

This kind of activity is so typical of the western countries, probably to draw attention from the dreadful economic news. The club, Arab owned, finds a way of extorting more money from the dim supporters. The one heartening point gleaned from this, is that the French supporters are as backward as their British counterparts. At the age of 37, Beckham is well past his best, which was never that good; one footed, no heading ability, unable to beat a man and rarely tackled with conviction. All in all, English football went into reverse during his involvement.


ROLL UP TO SEE THE HYBRID: TATTOOED LADY AND SHIRT SALESMAN.

FRANCE GOES BROKE. SACRE BLEU!

It will not come as a surprise to be informed that the French Government is fighting an economic meltdown. The extraordinary aspect of this happens to be, that this has been unofficially disclosed by one of the French Government Ministers, Employment Secretary Michel Sapin. Although his country is not alone as an economic 'nut case'. Many western nations, not least the United States, are in serious trouble. Most countries that pursue socialism are bound to hit the 'buffers'. They always spend far beyond their means, generally with a view to seeking votes from the sector that is perpetually 'on the take'.

France, as any student of economics will know, in the last year, voted in a left wing regime under President Hollande. Even the previous Sarkozy centre right stewardship operated a great throwaway operation. Few, if any, of the European nations have been living prudently for years now. France has been running a deficit for almost forty years. Eventually a brick wall will raise its head, and that will be the end of 'wonderland'. It would appear that many wealthy folk in France are fleeing the nest. Who can blame them? Why should they fund profligate politicians?

Although not in the Eurozone, the United Kingdom does not come out of this smelling of roses. No matter how weak both the euro and the dollar are, sterling is weakening against both these battered currencies. Why? Because we refuse to shake off socialism, partially due to the Liberal element in the Coalition. 0.5% interest rates are only installed to to encourage people to borrow money. What got us into this dire situation? Too much borrowing.

Germany faces the greatest dilemma, possibly due to their lack of understanding when to say enough is enough. They suffered seriously from this in the last year of WWII.

BATTEN DOWN THE HATCHES.