Greece and Austerity

Guardian Live: Reports that Athens expects more severe riots if the Greek Government imposes even more austerity as to get the next bailout. One has to ask why the Greek Government is doing this, the bailouts from the Troika is only as long as they can build a firewall around European Banks, after they have done that Greece will be forced in to a managed default, in other words thrown to the dogs. The good people of Greece are being thrown to the wolves by their Government and the EU. There should be peaceful protests in Athens, no violence after the last, if any violence the Greek Police should come down hard on those that break the law. Time for the Greek people to stand up for their ancient right of freedom, but NO violence no matter what the circumstances.

Slovakian Vote - Eurozone Crisis

BBC News: Reports that the Slovakian Parliament is expected to vote down the extension of the EU bailout fund. This is small beer folks, the Slovaks will have to be granted concessions, why should they bailout the richer Greece. As this blog has some experience of the Slovak Republic one can understand the anger of the people at the though that a poor country like Slovakia will be expected to bailout the PIIGS. Thus it can be argued that the Slovak Government should make demands as followed by other EU Countries. If the vote is lost the EU will have to give some extra grants to the Slovak Government and they will vote for the EU bailout. All politics is local folks.

The US, UK and France - Eurozone Crisis

White House: Readout of a telephone chat between US President Barack Obama, UK Coalition PM David Cameron and President Sarkozy of France. The highlight of the chats is the discussion on the Eurozone Crisis, the readout states the following, “ ..the President spoke by phone separately with British Prime Minister David Cameron and French President Nicolas Sarkozy, continuing his close consultations with these key allies about the situation in the eurozone. Prime Minister Cameron and President Sarkozy agreed with the President that decisive action is needed in order to finally resolve the crisis and assure economic recovery, both within the euro area and beyond it. The President will continue to closely coordinate with his European counterparts on this issue in the run up to the October 23 EU Summit and the November 3-4 G20 Summit. ”. Two of the leaders, Obama and Sarkozy have elections next year, they are down in the polls, thus both need economic growth, and in the US case for unemployment to go down. In the case of France there needs to be a deal on Greece, France has banks that could go under if Greece goes down the toilet. It can be argued that both Obama and Sarkozy are on the way out, of the three its only PM David Cameron that does not face election in till 2015. Thus with the military action in Libya and the UK keeping its credit rating in 2013 PM Cameron could be the senior leader on the world stage.
　
　
　
　
　

Romney vs. Perry and ObamaCare

The Hill: Reports that Governor Perry has released a new attack ad on Governor Romney, the ad is focused on the introduction of RomneyCare, the blueprint for ObamaCare in Massachusetts. This is a weak spot for Governor Romney, ObamaCare is hated by Republican voters, the Governor to his credit has not disowned RomneyCare but has stated he would repeal ObamaCare if he elected in 2012. As the Perry Campaign is in trouble it might as well go down guns blazing, but will it be effective, the Republican and Tea Party supporters want a candidate that can defeat President Obama, they might not love Romney like they loved Ronald Reagan, but they will vote for him as they can see him beating Obama. At the end of the day the Republicans want to win.

The Elite Media and the Fox “ Scandal ”

Guardian: Reports that the company at the heart of the supposed Fox scandal gave ten thousand pounds to the Shadow Labour defence team. Having watched the news media it seems they are covering for Labour, so what if the Defence Secretary met his friend, form 1 to 100 times, there is no illegal actions is meeting a friend, also as Dr Fox stated neither he or his friend gained anything from setting up a meeting. The question is why did the Labour Shadow Defence team take ten grand for a visit, what was the point of the visit, was policy affected, how come Labour didn’t make it well known before this scandal broke. In pure political terms Labour dropped the ball on this, they had Fox on the floor nearly but this ten ground should change the story, Labour has some questions to answer, Dr Fox is not out of the woods but he is safer folks, for him to fall there needs to be a THERE THERE in this story, Labour should not throw political bombs in less they have all the facts.

Slovakian Parliament VOTE - Eurozone Crisis

Telegraph: Reports that the Slovakian Parliament could vote down the July deal on Greece, that set up the expected banking rescue fund. The July agreement needs all 17 Eurozone Countries to pass the deal, it would be ironic if small Country like Slovakia could bring down the Euro and even the EU. As this blog has some experience of the Slovak people it can be argued that they will come on board, but they will want something out of it, money in other words, at least one can respect that, the place is small and the last time this blog was there it was very under funded, thus some of those Euros that had been targeted for the banks should be sent to the Slovak Republic. The importance of the July agreement for Greece and the Euro means that the Slovaks will be forced to pass the agreement, one way or another, the EU does not much care about democracy when it comes to small countries.
　

Euro Delay - Eurozone Crisis

BBC News: Reports that the EU has delayed a planned meeting of EU leaders to discuss the Eurozone debt crisis. The Markets will be asking are the EU trying to hide disagreements over how to deal with the Euro debt crisis. The rumoured three stage plan is as follows, a bailouts of the banks, a 2-3 trillion stability fund to be funded in part by Germany and France, and finally a managed default of Greece. It was hard enough to get the 440 billion set in place, and its still needs one final Euozone Country to say yes, what are these countries going to be like when they are asked for extra billion. Also what happens if Italy and Spanish go down the toilet, how long can the European Central Bank bailout Italy, at what point to do the Italians get annoyed with the ECB telling the Italian Parliament how to run Italy. The Stock Markets in the US and the EU have gone up folks, but it seems more on hope than fact, someone is making money, but its not main street folks.