What a complete cock up.
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| A poster seen in Greece recently pulls no punches |
Greece could have been let go painlessly a couple of years ago when it was obviously not going to work. But the Euromaniacs were not keen to admit to the likes of a feisty Nigel Farage that they had made a huge blunder, and so they blundered on.
Now the German Chancellor is so desperate to avoid the embarrassment that she will probably try and find ways to pay off the problem.
This will lead to inflation; the German economy will slow down as no one can afford to buy anything from them; there will be massive lay-offs that will cost a fortune because of the vast social security costs; the German people will be pissed off, they will resent all the migrant workers and a bloke called Hitler will appear from nowhere to tell the masses what they want to hear, which is that political unity is the only way German will ever get it's money back ,and prevent their feckless European debtors from doing it all again.
Spanish bond yields are above 7%; this is unsustainable in the present global economy where Germans (currently) pays nothing! But giving money to banks is futile as we have seen in the past 5 years, since they somehow manage to conjure it away into balance sheets and bonuses without it ever being used to recharge an economy.
The alternative is the one you may have read here already: give the money straight to the people to spend and invest with safeguards to ensure it is not simply frittered away. No politician has ever spent a Euro more thoughtfully, carefully wisely and democratically than the person that earned it in the first place.
Is Nigel Farage the only bloke in Brussels worth listening to..?
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