As a news reporter I'm usually strictly forbidden from expressing my own opinion. Yep, my newsroom is a bit like China. So I use this, this...thing, this wonderful thing to discuss whatever the hell I like. Clever, ey? Try suing me now, pigs!

Cheers!

Cheers!
Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts

Thursday, 11 October 2012

Euro Nightmare


I have seen the future.



It came to me only last week but through the most unlikely method.

The premonition didn’t come through telepathy , tarot cards or even travelling gypsies.

Nor did I have to squeeze my temples, forcing my brain into activity, while exasperating: “Commmme onnnnn, you stuuuuupiid heaaad orrrgaaan. Ahhhh,” for my image of the future. 

My insight into the next century, perhaps even the next decade, came from none other than my own vehicles of discernment: my peepers.

I was in Portugal, the great pretender to Greece’s King of the PIGS, and staring right back at the sun-blushed canvas that was my face was the very envisagement of a supranational union that could eventually become reality.

I was looking at Europe: one federal nation to rule them all.

While this may have uber-Lefties foaming at the mouth, and indeed, I suffered from similar convulsions, albeit through the local white, this dystopia perfectly laid out why Tory grandees might just have to thrust Boris Johnson upon the nation if Dave does not sever our ties with the continent.

So, without mentioning the obvious towel malfeasance, unkempt arm pits or catastrophic currency, allow me to outline some observations. 

Remember: this could be you.

A European’s dress sense is nonsense.
I’m no Alexander McQueen but I do have eyes. European’s, namely Germans, do not. One German man with large hands, and an even larger wife, wore dungarees over a tshirt, a pair of those ghastly Crocs and a woven cowboy hat. “Ha,” I laughed, “that guy, he’s a real joker wearing that. He must have lost a bet with his fellow Germanic pals.” It was only on the fourth consecutive evening when he was wearing precisely the same that I almost admired the gall of the man. But not his lumberjack/lesbian attire.

Europeans do weird things
The British have a reputation for being rather eccentric but we’ve a long way to go, judging by what I’ve seen, to match our continental counterparts. One hirsute, fuzzy, French chap with a moustache
not so much like a handle bar but a fully operational  bar, complete with optics, smoked a pipe while laying by the pool. A pipe. And he wasn’t a Victorian.    
(Jumping French beans! I have seen my first ever proper pipe being smoked, with all, like, the ash in the wooden bowl! Author eagerly ticks “Man Smoking ‘Real’ Pipe” off ‘Cool Things To See List’. Next up: George Lazenby cooking an omelette)

Europeans talk too much
Sometimes a little piece and quiet to gather ones thoughts is a nice way to spend a few moments, right? Try telling that to Franc and Miguel at the pool bar. It’s not just that these people talk too much, it’s the thunderous, inconsistent volumes they insist on talking in. Put a pipe in it.

Europeans are arrogant
Yes, I know, you don’t need to be Howard Carter to discover that but its the various circumstances in which their arrogance arises that baffled me. Take, for example, food. Diners would walk past my table, take one look at the quivering stack of meat piled upon my plate, raise their noses and off they went to a table with their malnourished children.
Another instance was sport. Picture the scene. Day two: England vs Rest of the World (Europe) on the scorching Astroturf football pitch. “AAAAA, you Inglesh?”, one of the Spanish said before erupting into laughter with his amigos. Last minute, Birmingham Cit fan Jason leaps like a bloody Salmon to head home: 5-4 to England.

So if Britain wants to remain its blazer wearing, meat scoffing, goal scoring best it’s future is not alongside the rest. 

Wednesday, 2 November 2011

Road to Prosperity

It’s not often that I spit out my breakfast but that’s exactly what happened yesterday.
While crunching away on burnt toast I came across an article that both left me exasperated yet hopeful.
It was to do with Greece and pointed out a study that said there are more Porsche Cayenne’s registered in the beleaguered country than people who pay tax on income of € 50,000 or more.
Cue the airborne bacon.
For those of you not aware (where have you been the last two years?) Greece is in a little bit of trouble.
Put simply, after joining the currency union in 1999, Greece, having benefitted from the same low blanket interest rates afforded the likes of Germany and France, embarked on some pretty reckless spending.
After a decade of profligacy Greece accumulated an inflated public sector, a national debt standing at 160% of GDP, cash strapped banks and pretty much everything else currency union was supposed to eradicate.
The country where the Acropolis stands tall has become the Acrumbleis.
Help has been at hand though, most recently only last week when Angela Merkel and Nicolas Sarkozy secured a deal between the 17 Euro nations to bolster the European Financial Stability Fund by two and half times to € 1tn.
The agreement will also see banks recapitalised to avoid contagion throughout the Eurozone and not just a haircut of Greek bonds but a 50% military crew cut.
And it might not be enough.
Economists argue that an EFSF pool closer to € 2tn is required and a write down to investors closer to 70%.
The reality, then, that a country teetering on the brink of insolvency has more luxury German motors than middle-high band taxpayers is a little…mad.
But I think the Greeks are onto something here.
The tax evaders, scourge of Greece in the eyes of German taxpayers, might actually be assisting Prime Minister George Papandreou.
Let me explain.
Last year Greece spent € 7.5bn, 3.2% of GDP, on defence.
Why? The last time the Greeks were at war it was probably either with themselves or a basket case like Macedonia. It has 75 'trainers' in Afghanistan and only one frigate was used throughout the Nato mission in Libya. Excuse me for being blasé but does Greece even need a defence budget?
Well, yes, it does, and I know just how to spend it.
This year I propose that in order to meet stringent EU austerity measures the Greeks make use of their new-found wealth of expensive cars.
And not just the ones they already have.
Forget fighter jets, the Greeks should equip themselves with an army of 4x4’s.
After all, the Cayenne is quite a beast.
The newest model comes with a V8 engine, weighs almost 3 tonnes and does 0-62 mph in a blistering 4.6 seconds.
At € 90,000 it’s not the cheapest of weapons but calculating on a budget of € 7.5bn Greece could amass over eighty thousand of these monsters.
And if Greece does fall off the volcanoes’ ledge into financial abyss, it should at least thank its selfish tax exiles for spawning the world’s most beautiful army.