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..There's a little Samuel Pepys in all of us..

Thursday, September 29, 2011

It is a matter for some thought.. the lengths the Eurozone will go to prop up what must eventually become yet another grand gesture..
To all intents and purposes, the one economy that is in the black, is being dragged down by 16 other member countries who are struggling to fight off impending bankruptcy..
The German Parliament has voted, by some majority, to the establishment of a 780bn Euro 'bailout fund'.. something short of the €3trillion that was suggested as necissary by the US Treasury Secretary..
The problem has been, and remains, the lack of productivity endemic in the countries which have already recieved emergency loans, and those which teeter on the brink of needing funds to stave off bankruptcy..
It appears Greece will get it's next tranche of loans, and that should hold off the wolf at the door for another few months, but, the question remains, what can be done in the short term to improve the situation..?
And the answer is glaringly obvious..
We are caught in a carolsel.. where bankrupt countries are being kept afloat without any significant changes to their economic situations..
This can end with only one scenario.. That being the end of the Euro, and that will be accellerated by the German people's dissatisfaction with the loaning of their capital to prop up failures..

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