The future is always difficult to predict, but UKIP leader, Nigel Farage, could well be onto a winner, suggesting that violence has to be a possibility, as the disparity between the 'haves and have nots' in the Eurozone becomes increasingly divergent.
If we don't learn from history, then where do we seek our guidance? Nations will only take so much subjugation before factions arise in retaliation. If and when these groups join in unison, we will have a problem. It is no good thinking that they deserved it, through lack of economic discipline, we are now far beyond that point. After all, Brussels must have known that these nations to the south could never aspire to the type of discipline that the Germans embraced; Germany having learned the hard way, following the hyper-inflationary era triggered during the period of the Weimar Republic. France can also be added to the group of 'basket cases'. These financial pressures will probably awaken nationalistic activity in forthcoming generations, who will only see that they have been left an enormous debt by their forebears.
The author is not excluding the UK in this turmoil, post Margaret Thatcher, we are as much to blame as many of these financially weak nations. The British National Debt doesn't stand up to serious scrutiny, which means that trouble can be just around our corner, at home.
SO MR. FARAGE, YOU COULD WELL BE RIGHT!
Sunday, 18 August 2013
Friday, 16 August 2013
EUROLAND PARTIALLY OPENS ONE EYE.
The previously presumed 'cadaver' that is Euroland, shows a flicker of life in the economies of both Germany and France; although we need to be cautious about the financial news regarding the latter. Nevertheless, the doyen of all things wasteful, the British Broadcasting Corporation, thought that the suggestion of growth well worth 'crowing' about; albeit, this is less than the improved figures in the British economy, something that they almost choked upon in their news programmes.
It would be reasonable to have anticipated such activity in Germany, but, the French economy must be in dire straits, with their burgeoning welfare system, not to mention the money owed to them, by Greece in particular. Greece, naturally, along with Spain, Portugal, Italy and Ireland, are far from any type of recovery, and will never be in a position to repay their debts to their creditors. The whole of Euroland remains in total financial turmoil with vast mountains of debt.
Is it possible that the 'feel good factor' figures are just 'spin'? What should make us suspicious are the noises being made by Angela Merkel regarding possible repatriation by the Germans of some of the rulings by Brussels. After all, Germany has a General Election coming up.
DO WE SMELL A RAT HERE?
It would be reasonable to have anticipated such activity in Germany, but, the French economy must be in dire straits, with their burgeoning welfare system, not to mention the money owed to them, by Greece in particular. Greece, naturally, along with Spain, Portugal, Italy and Ireland, are far from any type of recovery, and will never be in a position to repay their debts to their creditors. The whole of Euroland remains in total financial turmoil with vast mountains of debt.
Is it possible that the 'feel good factor' figures are just 'spin'? What should make us suspicious are the noises being made by Angela Merkel regarding possible repatriation by the Germans of some of the rulings by Brussels. After all, Germany has a General Election coming up.
DO WE SMELL A RAT HERE?
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