Sunday, May 16, 2010

Germany and the Euro

The Times: Reports how the bailouts of Greece and the Euro is having a negative effect on the German Government. The Sovereign Debt of Greece and the weakness of the Euro has shows that the political structure of Europe is under threat, at the end of the day German can not bailout, Greece, Spain, Italy and Ireland, these countries have to look at their own spending, the idea that the Government can be the major employer shows how much the politicians of Europe have allowed themselves to buy in to the welfare system concept at the cost of business being the major force in the employment market, the idea that the Government will look after everyone form birth to death has gone beyond his original to look after those in most need to look after all classes, the middle classes and the rich don’t need the same tax credits as the poor, in fact these tax credits are tax cuts in many respects, thus its time to scale back the welfare system, yes to look after the poor but those in the Middle Class or rich should pay more in either through tax or other areas to pay off the national debt. Also the poor or those on welfare have a role, welfare should not be a way of life, it has become that for many, its time to force people back to work, or make it clear that one parent families is not a good idea, its should not be a comfort zone. Thus time for harsh cuts in public sector, cutting tax benefits to the middle class and the rich, also making the welfare state small and a cushion for the poor, not a way of life. It will be hard folks but the UK has to cut its debt or we will go the way of Greece.

No comments: