Armistice Day - 11-11-11

Thus folks today we remembered those that have died for their Country since the end of World War One, the Great War, the War to end all Wars, of course that didn’t happen, thus the UK/US have been Allies in World War Two, Korea, Gulf Wars 1 & 2 and the on going War in Afghanistan. In individual Wars and conflicts the UK has the troubles in Northern Ireland, Suez, Falklands, the US of course had Vietnam and is still Iraq in till the end of the year. Lets us remember those that have been maimed in body and mind by conflict, sometimes they are overlooked once the Wars are over, let that not happen to those that fought in Iraq and Afghanistan, lets us ALWAYS support our brave Armed Forces Personnel, they fight as to allow us our freedom. God bless them and their families.

Italian Austerity and the Euro

Daily Mail: Reports that the nearly sixty billion Euro cuts and tax hikes in the Italian Austerity package is expected up to a point to save the Euro. This blog has its doubts, are stated many times in this blog the welfare state in the EU is a major structural flaw in its structure, the austerity packages in Greece and Italy does not deal with that, it deals with the consequences, thus there will be more debt, more reduction in the economic structure of Italy and thus the EU will be back to this crisis down the line. Lets hope this blog is wrong, but have my serious doubts, we shall see if China will give money to bailout Euro, that could be the deciding factor folks.

Italian Austerity - Eurozone Crisis

Telegraph: Reports on the Italian Austerity package, here are the highlights, 1, public sector cuts, 2, social security freeze, 3, public sector wage freeze, 4, tax hikes and 5, a balance budget Act. Well folks the Unions will be on the streets, those on benefits will see their benefits go down, so another group, those in the public sector will see price hikes while their wages are frozen. The rich will hire eve more clever accountants to avoid paying tax or move. Folks lets see how long before there is an election, these kind of austerity bought Greece to a standstill, well that might be a picnic compared to what could happen in Italy, lets recall the left is still powerful in Italy, thus like their UK brothers they will be expected to have General Strikes. The public will soon sour on an unelected PM, does not matter what France and Germany think this might not work in the long term folks. It could be argued folks that this package might not be enough, you still have the welfare state, thus the same structural problem. Read the article more detail folks.

Cameron on the Euro - Eurozone Crisis

BBC News: Reports that UK Coalition PM David Cameron has stated there is a question mark over the future of the Eurozone. On the Government level the Coalition Government needs the Eurozone Countries to get their act together, as any break up of the Eurozone would send the UK in to a deep recession, but when it comes to a political decision that is different, the UK is a Coalition Government, thus the Liberal Democrats in their hear of hearts want to still join the Euro and be run by the EU. The present Conservative Party would like to keep the EU at a very long distance, and a great minority would like to leave the EU. PM Cameron is a Conservative, he hast to keep his troops happy, they have become restless of late, they see that their past arguments against the EU and the Euro as being right, while those that love the EU have been wrong about the big issues when it comes to the stability of the EU and the Euro. Thus PM Cameron has to keep a balance, so for so good, but if there are any new treaties, the UK must have a referendum, the Conservative Party should keep any eye on No 10.

Italy and Greece - Eurozone Crisis

The latest is that Greece gets a new PM in the shape of Lucas Papademos a former Greek and EU banker, in Italy the Italian Senate has just passed a tough austerity package, this should allow Silvio Berlusconi to resign to be replaced by a former EU Commissioner Mario Monti. The problem is that these appointments will go down well in Germany and France, but they are unelected and their main job is to run a Coalition Governments for a short time, with one aim, passing tough eye watering austerity packages, sorry but these days you need public support, from the news via TV and print media it seems that people are willing to give these new leaders a chance, well it wont last folks, once the cuts start the political partiers will move heaven and earth to make sure that they don’t have any fingerprints on these cuts. Thus a short term Government when you need tough polices that will last years and be supported by that Government, well its not going to happen folks, this is very thin plaster for a major wound. In this modern age you cant have technocrats running major democracies, if they ran on austerity packages they would not get elected dog catcher, and after the protests start they will be very lonely figures, lets hope they have not been given job that is doom to fail, then blamed and made scapegoats for that failure, that would this blog would do if were the political parties in Greece and Italy, but this blog is ruthless and devious, are Greek and Italian politicians any different from this blog.