Greece Defaults = Blog Call

Guardian: Reports on a French Plan for private debt holders in essence to write off Greek Debt, the article states the following, “ ….whether private creditors could agree to roll over some Greek debt. …credit rating agencies could still choose to view the plan as….a "credit event". Folks you would still have the same problem, the Euro does not work for Greece, the private debt holders should say a BIG NO, to any write off of Greek debt, this is a plan of spinning economics, the Greek economy needs to get out of the Euro, as long as it is tied to Germany and France it is always going to lose, you have bigger and efficient economies and then you have the turkey that is Greece, its broke, Greece has defaulted, the Eurozone Government are spinning a lie folks, if your in the market sell your Greek debt, otherwise be ready to lose YOUR SHIRT or your BONUS.

Greece in the Eye of the Storm = EURO

Telegraph: Reports that the Greek Defence Minister, Panos Beglitis has stated if the Parliament in Athens does not pass the austerity package then Greece faces a catastrophe. This is emotional blackmail of the first order folks, Greece will not fall apart if the Greek Parliament rejects the demands of the EU/IMF, the Sun will come up the following day, the only losers would be the Greek Government and the banks for France and Germany. If the Parliament in Athens does pass the package its cutting the throat of the Greece to get out of this mess, no real thinking person thinks that Greece will not default, Greece will be back for a third bail out next year, Greece is a busted flush folks, the only people who think Greece should remain in the Euro is France and Germany, and that is to protect their banks, not for the benefit of Greece. Time for the Greek MPs to stand up for Greece or dishonour the Greek name by voting for this package.

Arrest Gaddafi = ICC

BBC News: Reports that the International Criminal Court has issued a warrant for the arrest of Colonel Gaddafi on charges of crimes against humanity. Well folks, the Mad Dog has two choices NOW, either win the fight against NATO or leave Libya. The Allies of UK, US and France cant be seen to do a deal with suspected war criminal, thus the Allies have only one aim, the removal of Gaddafi either through his fleeing or Gaddafi dead, either through NATO bombing or taken out by his own side. It can be argued that former Labour PM Tony Blair must really wish he had not visited Gaddafi in Libya, with Iraq and Libya one has to really question the judgement of Blair when it comes to International Affairs.

UK Treasury = UK Banks and Greece

Guardian: Reports that the UK Treasury in effect wants to UK banks to take losses on the Greece debt. Folks, if this is the case then Greece had defaulted on its debt, any debts that are written off or reduced is a default, also it’s a game, the Greek economy has hit its Iceberg, it’s the Titanic going down, and any rescue is a drunken vision. The UK banks cant afford to take these debts write off for Greece, the banks should say NO, because folks you can count on this, the banks will go back to the Government and demand a bailout for reducing the debt of Greece, thus the tax payer will have to bailout the banks again, banks sell your debt, ditch Greece.

Summer of Discontent = Heath or Thatcher Model

Telegraph: Reports that the Coalition Government will introduce tougher Union laws should there be a summer of public sector strikes, one of the reforms would be the need for a threshold of support for strikes, from 40% to 50% of the work force. The Coalition can either go for the Edward Heath model and that is defeat to the Unions, or the Lady Thatcher model and win, the Thatcher Government broke the National Union of Mineworkers, thus finished forever the power of Unions to bring Governments down, this new clash is based on the fact that public sector unions care more about the pensions of their members than the fact that the world has changed, the pensions of public sector employers is richer than those for the private sector, the general population lives longer, thus the need to make the retirement age higher, lets be honest folks the age that you should get a pension should be around 70, that’s the way its going, it will be that figure within 30 to 40 years. Thus the Coalition Government should follow the Reagan example, President Reagan gave air traffic controllers a choice either get back to work or your fired, they thought he was bluffing, bad mistake, they got fired. If the Unions want another 1926, give it to them, ask non union members to take over those jobs that Unions don’t want, also threat to revoke the pensions of those that go on strike, break the Unions, make them hurt, make them get real.

Huhne on Tape

BBC News: Reports that the Sunday Times has been ordered to hand over a tape that has allegedly the Energy Secretary Chris Huhne discussing with his estranged wife the details of transfer of car penalty points. The Liberal Democratic leader Nick Clegg must have a smile on his face at the moment, both Huhne and the Cable have self exploded and are not a threat to his leadership, either way Clegg wins, if Huhne is cleared he has to much scandal attached to his name, if Huhne is charged then he is out of the Cabinet and Parliament, win either way, that is hard ball politics folks.

Peter Falk Dead = Goodbye Columbo

The New York Times: Reports on the death of the actor Peter Falk. Mr Falk was a fine actor, and he was Columbo, what made Columbo different was that you saw the crime and how it was done at the start and then you saw Lt. Columbo solve the case, how he was looked down on by the weekly murder. But no matter how powerful or intelligent the murder he or she was always caught. What made Columbo was the weekly guest starts, great Hollywood Stars, it was fun seeing the try to outwit Columbo when the faced with Mr Falk and never winning, the star was Peter Falk. Also the guest stars came back, thus you had Captain Kirk, the Prisoner etc coming back to try to foil Columbo and never winning, that was the fun. There was and shall always be only one Columbo, TV detection has lost a great Cop, and the arts have lost a fine actor in Peter Falk.