Telegraph Live - Markets: The US and European Markets have dived due to the slower than expected US jobs report last week, and Spain has replaced Greece as the next big problem, the rate of its bonds cost his heading to 6%. Thus folks we are back to the Euro and the welfare state problems of the EU, the bond market has NOW returned to attack Italy and Spain. Lets cut all the BULL, if Spain or Italy or both need a bailout its over for the Euro, even the EU. The core problems folks is that Germany wants austerity, that’s the only way it can get its tax payers to bailout Greece, but that cost is placing a stake through the heart of the Euro. The cuts in public spending through out Europe has returned the EU back in to recession, there has been arguments form the Labour Party in the UK and the French left that Government should spend and tax the rich, YES folks the fools still talk this kind of rubbish. The Miliband Labour Party seems to have missed the disaster that is Greece when you allow the public finances to go down the toilet, Spain could be next, the French Left just want to spend and tax the rich, they will move to the UK, its 45p in the pound for high tax payers. There is a solution folks, but its dramatic and out there, lets face it needs something, the clock has to be restarted, ALL DEBT has to be written off, as if it never happened, all the BANKS will have to be secured against runs on the banks, then those holding the DEBT will have to given exception from tax till the end of time. Then the welfare state has to be reformed through out EU, you don’t retire in till your 70 for women and 75 for men, the public sector has to see massive cuts, no major difference between the public and private sector, the Unions have to be restricted in their actions for a time, no STRIKES. The above might work, might not, so far nothing else seems to have worked.
Tuesday, April 10, 2012
Eurozone and the Euro
Telegraph Live - Markets: The US and European Markets have dived due to the slower than expected US jobs report last week, and Spain has replaced Greece as the next big problem, the rate of its bonds cost his heading to 6%. Thus folks we are back to the Euro and the welfare state problems of the EU, the bond market has NOW returned to attack Italy and Spain. Lets cut all the BULL, if Spain or Italy or both need a bailout its over for the Euro, even the EU. The core problems folks is that Germany wants austerity, that’s the only way it can get its tax payers to bailout Greece, but that cost is placing a stake through the heart of the Euro. The cuts in public spending through out Europe has returned the EU back in to recession, there has been arguments form the Labour Party in the UK and the French left that Government should spend and tax the rich, YES folks the fools still talk this kind of rubbish. The Miliband Labour Party seems to have missed the disaster that is Greece when you allow the public finances to go down the toilet, Spain could be next, the French Left just want to spend and tax the rich, they will move to the UK, its 45p in the pound for high tax payers. There is a solution folks, but its dramatic and out there, lets face it needs something, the clock has to be restarted, ALL DEBT has to be written off, as if it never happened, all the BANKS will have to be secured against runs on the banks, then those holding the DEBT will have to given exception from tax till the end of time. Then the welfare state has to be reformed through out EU, you don’t retire in till your 70 for women and 75 for men, the public sector has to see massive cuts, no major difference between the public and private sector, the Unions have to be restricted in their actions for a time, no STRIKES. The above might work, might not, so far nothing else seems to have worked.
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