Afghanistan Front News

MOD: Has announced the name of the UK Soldier that was killed on Monday in the Afghanistan, the Soldier was “ Marine David Fairbrother, Kilo Company, 42 Commando Royal Marines ”. Our thoughts are with the family of Marine Fairbrother.
　

1.1% GROWTH in the UK - Forecast

Guardian Live: Reports that the IMF has cut its growth forecast for the UK, from 1.5% down to 1.1%. The Coalition Government in the UK folks has to carry on with Plan A, of deep cuts in public spending, otherwise the UK is heading to join Greece and Italy. Also lets be clear these are forecasts, they can go up and down, it would be a disaster to change policy on a forecast, there will be pain folks, people will lose their jobs, the welfare state will reduce in size, but at the end of the day the UK will keep its triple A credit rating, unlike the US under President Obama. Its going to be tough folks, higher prizes and lower wages, but that’s the price the UK has to pay for the follow of New Labour.

1st Greece, 2nd Italy , 3rd Spain - Eurozone Crisis

Telegraph Live: Reports that the costs of Spain borrowing on bond markets have hit a three year high. Thus last week the Spanish Government went with a tax hike for the rich, now the costs of borrowing on the markets have hit a three year high, lets be honest here folks, the PIIGS are a basket case, it will need trillions to bail them out, the question is who will pay, the German voter is sending a clear message to the Coalition German Government, they are voting for the left wing Opposition Party, thus a clear message to Berlin. Either all EU Counties and that includes the UK put some money in to a giant money pot to bail out the PIIGS or the Euro will fall apart under its own pressure. God knows what the Markets are smoking, they are up, what does it take a Great Depression 2.

Italy DOWNGRADE = Eurozone

BBC News: Reports on the cut in the credit rating of Italy by the credit agency S & P. This was a surprise development folks, it had been rumoured that another credit agency Moody’s would downgrade the Italian worthiness, it can be postulated that Moody’s will follow the S&P line when it comes to Italy, the agencies on the whole tend to sing from the same page. The Markets have not taken a fall with this news, that is quite a surprise, either they know something we don’t or they have blind faith that something will turn up to save Greece and Italy. The latest news on Greece is that the EU,IMF and the European Central Bank is having further talks with the Greece, it could be that the want to trust Greece as not to would mean a major crisis for the Euro and the EU. But blind faith can only take you so far folks, if there is no substance you are in free fall.

President Obama and Tax Hikes

Pure class warfare folks, a Campaign speech for the base not about the US, ego and hubris folks. Obama on welfare and tax hikes, “ And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share. We are not going to have a one-sided deal that hurts the folks who are most vulnerable. ”. President Obama makes Jimmy Carter look like a economic conservative.

Make or Break TIME for Greece

Guardian: Reports on a expected deal breaking call between the Greek Government and the EU/IMF, the article states the following, “ country's financial future would rest on a make-or-break conference call with EU and IMF officials on Monday. ”. At the end of the day the EU,IMF will have to ask themselves do they trust Athens to follow through with the tough demands of the EU/IMF as to allow Greece to get another part of the bailout. If by now Greece has not followed through with previous promises, how can you trust them, is the EU/IMF throwing good money down the toilet. The Greek political system is a mess, its welfare system is out of control, retirement in your 50s, jobs for life. The entire Greek system is a fraud, the people that will suffer will be the poor Greek people. If Greece stays in the Euro it will suffer, the elite wont feel the pain but the good people of Greece wont see the light for a long time. Time for the people to march in peaceful demos, show the power of democracy and bring down the Government if they care more about France and Germany.

50,000 Greek public sector workers SACKED ?

Telegraph Live: Reports on the latest moves by the Greek Government to make sure they get bailed out by the EU, IMF and the ECB, the Greek Government will cut pay in the public sector and sack fifty thousand workers, there are other eye watering measures. The question that has to be asked is can the Greeks be trusted, is this another Trojan Horse, what seen as a victory, is just a faint as to give the Greeks more time before they default. The Greeks have not meet their previous agreements when it comes to austerity, so why should they be trusted NOW, they cant, time to pull the plug folks, its becoming a farce, the Greeks will never reform, they cant, as long as they are in the Euro the Euro is under threat, and so in many respects is the EU.