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Showing posts with the label Euro

Brexit Anger

I've been shouting increasingly frequently at idiots in the press and on TV who believe that if we leave the EU, the rest of the world will buy more of our stuff. WHY? I rest my case.

Brexit Scaremonger? Damn Right I Am.

I drafted this in March 2016, 3 months before the fateful referendum where 52% of people who voted (only 37% of the UK electorate) decided we would be better off leaving the EU.  I am posting this 3 days before the 2019 general election following 3 years of destructive turmoil. I hope the 37% think it's been worth it now that even worse is surely to follow. Lemmings are cute Scandinavian rodents who follow each other over cliffs. I am convinced this is what is happening to the UK. We're being brainwashed by either disingenuous or simply ignorant politicians, none of whom have ever sold anything in their tedious committee-ridden lives, to believe that we will be better off if we leave the EU. They're asking us to blindly follow them over a cliff. It's a bit like the mystery why a dangerous moron like Trump is building a following in the USA. Soundbites work. 'Make America Great Again!' What American wouldn't cheer for that?... until they think a litt...

Split the Euro?

It would seem Euroland can be divided into two regions. Those with relatively weak economies and lax tax regimes who need the Euro to be strong so they can afford to buy imports and keep borrowing, and those with strong economies who need the Euro to be weak so they can export more. Unfortunately the stronger the economy, the stronger the currency. So Greece, Spain, Portugal, Italy and eastern European countries are all suffering because the Euro has been been strengthened by the relative economic successes of Germany, France, Holland and others. These countries are relying on the failing economies to keep the Euro weak to help them export. Clearly this arrangement isn't working for Greece who can see Germany in particular is benefiting, and it isn't working for the UK, the US and others outside the Euro who are competing unfairly with Germany who quote for products and services in devalued Euros. Why don't they split the Euro into North and South? A N-euro would enable...