Friday, November 11, 2011

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.

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