BRITAIN SURVIVES EURO CRASH

The Euro crash looming on the horizon and not so far in the distant future makes everyone wonder what the impact will be for ordinary people. As it is people already living on the limit and the UK government promises more cuts to social benefits.

Although having all the sympathy for people in Europe but at times like this the concern must also be about the effect on Britain which did not join the single currency.

Sir Melvyn King of the Bank of England stated clearly that Britain would come through when the euro collapse.  At the same time he pointed out that it won’t be easy but financial disasters had been dealt with before.

Sir Melvyn admitted that prepared contingency plans are already established, just in case.  He also reprimanded those who prophesied that the collapse of the euro would also destroy the UK economy.   With the collapse of the euro and Sir Melvyn King stepping down next year it bound to have quite an impact on the economy. Sir Melvyn is of the opinion that the euro countries have not done enough to avoid the collapse.

He said that new measures taken by the European Central Bank to counteract the crisis were not a long term solution but hopefully buy enough time to find another answer to solve the problems.

Tory MP Douglas Carswell stated that Sir Melwyn finally caught up with the situation. With all due respect to Mr Carswell that might have been the impression but Sir Melvyn must have been quietly working away to establish plans to counteract the impact.

It is thought the break-up of the euro will be even this year and Greece would be the first to change back to their currency. It is even thought that a post-euro world could prove positive and start a growth in the economy.

Well let’s hope this positive statement will come true. It is high time that the depressing economy is turned around, starts to improve and ordinary people can start living again..

DAVID CAMERON'S POLITICS ?????

IN MAY 2012 and it has not improved

Forgive me for saying so but is there any sense to David Cameron’s politic?

He breaks protocol in backing Mr Sarkozy’s election campaign and ignores Mr. Hollande when he visited London before his election.  When he met the new President of France at the G8 meeting he had a private meeting with him but, of course, with Mr Hollande’s refusing austerity it did not go well. Mr Hollande’s comment was afterwards “we agreed to disagree.”

Then he tells Mrs Merkel to back-up Greece with Germany’s ‘wealth’. First of all Germany’s ‘wealth’ had gone with Euro which David Cameron should be aware off. Secondly, Germany had a 0.5 per cent in the last quarter improvement. However, by now the people of Germany are just as fed-up like in Britain always paying out to other countries while austerity has been applied to them. These countries were standing on their own feet before so why are they constantly bankrupt now?  It is every year they asking for bail-out. Do wake up Leaders.

David Cameron’s famous austerity is only for the ordinary people. His cutting 16,000 police officers with two major celebrations coming up.  He cuts the Army, Navy and RAF drastically. At the moment he is planning to send troops to Syria to stop the bloodshed.  He also told the G8 leaders to increase the pressure and send more troops to increase the 300 troops already there. Do we see an escalation into a war again? Why again?

Now let’s go over to the Ministry of Defence. All this time we were told that they inherited about £38billion of debt from incapable Labour. Last week it was revealed that Defence Secretary Philip Hammond ‘found’ £12billion unspent cash. Is it a small mind that can’t work out when there is a £38billion deficit and then all of sudden £12billion emerged not being spent? Surely it doesn’t add up and £12billion can’t be that small that it vanished between the sheets of accountancy. At the same Mr Hammond insists that the redundancies will still go ahead.  All at the same time when Mr Cameron plans to get the troops ready to go to Syria.

Last week was a further £30billions swiped off the pension’s funds and plunged into a £93billion deficit.  The pension fund should not have put onto the stock exchange. Everybody knows how fickle the stock exchange is, especially at the moment, and furthermore it was the people’s money. The previous Conservative government had no right to do so. If they left it where it was before the pension fund would still be there plus accumulated interests.  That is the reason for running out of pensions and not because there are more people retired or they live longer.

Do we have to have another Einstein to solve all these riddles and confusion?