Try to dismember Greek debt by November
That ton of cash they begged and borrowed
Serial offender, they’ve been on a bender
They spent like there was no tomorrow
Tried to pretend they could endlessly fend off
The austerity which must surely follow
But in the end, ah, it’s something they’ll just have to swallow …
On the agenda of Eurozone members
To print more cash to make things mellow
New legal tender in all of its splendour
“Keep printing !” – hear Tim Geithner bellow
Who’s the defender of small private lenders ?
Joe Public is a luckless fellow
And in the end Euro-promises tend to be hollow …
(c) Nick Drew 2011
Nick is liable to wax poetic on matters politik whilst imbibing on the excellent mead at The Raccoon Arms. Throw a handful of Pork Scratchings his way and he might do it more often...
{ 9 comments }
I have wanted to blog about this for some time. Work has interrupted the research necessary. Greece is what happens if you behave like UKUncut and Balls would like the Government to behave. I do not have particular faith in Osborne, but the message of stabilisation was necessary, or else the Government would have faced increasing costs of borrowing and a spiral of debt. There was/is no easy way out. It was simply the election no one wanted to win, a poison chalice.
Balls and Brown should be in prison for the damage they have done.
Here endeth the rant!
G the M
Would that be the ‘stabilisation’ that puts another £485B on the national debt raising it to £1.4T by 2014/5 even by Osborne’s most optimistic and unrealistic estimates?
OK, wise guy, what would you do?
Continue the Ball/Brown idiocy? Cut deeper, quicker?
The real culprits are the ones long gone, the architects of the whole mess and the ‘bankers’ who loaned all the money to Greece and the others. Germany and its immediate neighbours should have split the eurozone in two, the prosperous north and the not so prosperous south with two different currencies.
But, nobody wanted to bite the bullet and now it’s turned into an atomic warhead!
Come on … as long as we have this “wonderful” EURO you can spent [apart UK citizens] your money without noticing the difference, unless you have to buy outside the EU, of course. Notwithstanding the present problems, it’s still one of the most stable currencies.
This is the short version. If you’re interested in the longer one, shoot …
Doesn’t look that stable to me…..
http://www.bullionbypost.co.uk/gold-price-charts/
SAoT, your reply got stuck in the spam queue for some reason, released it and deleted your ten thousand attempts at sending it!
The loner version is – ‘pro temps’.
Watch this YouTube link to see a wonderfully clear truth about government spending, (even if it is American).
http://www.youtube.com/watch?v=MqoGORXAv2o&feature=player_embedded#!
We need some similar effort at such clarity in the UK.
http://www.youtube.com/watch?v=TYKAbRK_wKA&feature=related
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