Author Archives: Giolla

Look out there’s a monster coming

By | | , ,
Comments Off on Look out there’s a monster coming

Thanks to Katabasis for this lead, it seems that having thrown loads of money at the Eurozone via the European Financial Stability Facility – the EU Zone are going to extract even more money from it’s indebted members and indenture them forever into the service of the European Stability Mechanism. London loves Business has the low down but for a quick tour of the highlights: Total immunity from prosecution Employee’s don’t pay tax Eurozone members can never leave If it asks for money members have to pay within 7 days, and it has no limit on what it can ask … Continue reading →

Yes you have no referendum

By | | , ,
Comments Off on Yes you have no referendum

In a shock and startling turn of events after being summoned to the G20 to explain what he was doing suggesting asking the people if the wanted to accept the austerity package or not – the Greek prime minister has decided that maybe the people don’t need to be asked after all. Having got that out of the way rumour has it that he’s off to resign – presumably to encourage anyone else that thinks referenda are a good thing. The EU’s allergy to asking the people their opinion on things really is quite impressive. it’s not after all as … Continue reading →

Light the blue touch paper

By | | , ,
Comments Off on Light the blue touch paper

So the Greeks appear to have lit the blue touch paper under the Euro project, by the crazy notion of asking the people what they think about a huge financial deal before signing up to it. Yet again the idea of a referendum seems to be throwing the euro-project into chaos and confusion, it would seem that democracy is as welcome to the eurocrats as water to the Witch of the West. There’s a lovely concise live(ish) blog of the “crisis” over at the FT (H/T Katabasis). The choices facing the Greeks seem to be a referendum or an early … Continue reading →