Category Euro Crisis
WHITHER INDEPENDENCE FOR SCOTLAND
In many vexed situations there comes a time when you’ve got to lay your cards on the table, so to speak. Observing today’s flurry of interest in the question of Scotland’s independence I felt moved to pen a few lines during tea break. I’m all for localisation and for power being devolved as far down […]
LIFE IN ATHENS
Just wanted to re-blog a piece by John Ward who runs ‘The Slog’ website; it speaks for itself: CRISIS ATHENS: How austerity is destroying those who would compete with multinational power.
THE EURO GOES FROM STRENGTH TO STRENGTH
Over at the Daily Telegraph, Jeremy Warner has been making observations about certain countries’ appetite to join that success-story-of-all-success-stories, the euro currency (link below). Apparently, Poland’s Prime Minister is now itching to sign up his own star-struck citizens. How is it that the euro currency can be so popular, so desirable? Well, it’s important to […]
LIFE UNDER RULE OF THE TROIKA
This is how it is when you wake up one day to find that your country is being ruled by some mob operating from a foreign land where, in this case, the mob is a cohort of bureaucrats and bankers, being the European Commission, the European Central Bank and the International Monetary Fund, aka ‘The […]
UNQUANTIFIABLE PREMIUM ON CASH
Been on the road all day today, just back to the peace of the Moray Firth. Checking the wires, so to speak, and according to Tyler Durden over at Zero Hedge, if you’re a Cypriot citizen, as of tomorrow, there is “an unquantifiable premium for having physical cash over electronic. Learn from it.” As ever, […]
NIGEL FARAGE: PLEASE SLIP YOUR UNDERPANTS OVER YOUR TROUSERS, FAST
On the matter of capital controls in Cyprus, this morning I was drawn (as usual) to Tyler Durden over at ‘Zero Hedge’ (link below). Tyler referred us to the Nobel Prize winning economist Friedrich Hayek’s 1944 classic ‘The Road to Serfdom’ in which, on the subject of capital controls, Hayek had this to say: “The extent […]
THE EURO ELITES ARE THICK
On one of the Daily Telegraph website articles today (link below), one of the commenters said of the European Union political elites “they are all thick, throwing good money after bad and not knowing when to give in”. I would disagree. “They” are not thick; “they” are extremely clever and “they” know exactly what they’re doing. The European Union […]
CYPRUS – SOMETHING FOR THE WEEKEND, SIR?
Here’s a scenario. The ‘soft dictatorship’ that is the European Union (which is really only a circle of political elites holding hands around a tyrant’s charter, the Lisbon Treaty) will move on Cyprus through the auspices of the European Central Bank (ECB). At the allotted moment (imminent), the ECB will move to enforce capital controls […]
CYPRUS – PLACE YOUR BETS
Just noted Bruno Waterfield’s comments over at the Daily Telegraph’s ‘Cyprus Bail-Out Live’ blog where Mr Waterfield says there is now ” … ‘open talk’ of Cyprus leaving the euro and the imposition of capital controls to prevent runs on banks, presumably intended across southern Europe. Here lies a risk: bank failure in Cyprus (and the clearly […]
EUROZONE – KEY INDICATORS TO WATCH
During my lunch break today I walked the dogs on the beach and, as you do, I mused over the question, “What are some of the key indicators to watch in the Eurozone?” I concluded that the first indicator of interest should be ‘Youth Unemployment’. By December 2012 Eurozone youth unemployment was at a record 23.9%. […]
Moraymint Chatter 