Friday, 3 August 2012

THE EURO PLAGUE

What has happened to Friday’s? There was a time when you had to wait a whole week to go from one Friday to another, now, in the blink of an eye, one Friday almost seems to follow another and here we are again.

At the end of what has been an eventful week both for me personally, and for the EU as its shambolic currency continues to fall to bits, here we are again at another Friday, soon I will be heading off for my Friday night beer with my better half, sister in law and brother in the Lyndon House Hotel in Walsall, and the start of another weekend will be upon us.

Over this last week, which as stated has flown by, I have been forced to make a rare visit to my doctor due to some creature taking a bite at my left hand while I was asleep last Friday night. On Saturday morning it looked like yet another insect bite with a bit of a blister, by Monday morning it was getting painful and not looking so good and by Wednesday afternoon I was in Walsall waving my hand in front of the Doc with what looked like a dose of the bubonic plague on the back of my, by now, very swollen left hand. A powerful dose of penicillin tablets was prescribed and I have been popping pills since, although my hand is still swollen and the bubonic plague still present.

However, the grisly situation on my metacarpus is nothing to the ailments now inevitably ailing the EU’s sickly currency, which just a few years ago was going to be a strong powerful currency that would challenge the mighty US dollar. These days the only challenge to the dollar from the EU’s euro is that it may catch something nasty from it.

Earlier this week, while all the running and jumping was going on in London and Boris, the Mayor of London, decided to hang around making a rather large dollop of himself whilst dangling, from what seemed to me for no apparent reason, an overhead cable, Mario Draghi, the big boss to the European Central Bank (ECB), was informing the world that he was going to do “whatever it takes” to save the euro and curb the extremely worrying borrowing costs in Spain.

Here we are, as stated in the blink of an eye, a few days later and into another Friday and Mario Draghi looks set to join Boris dangling from a wire and going nowhere. His promise of doing anything to save the EU's euro, which in reality only Tom Cruise in yet another Mission Impossible could do, has morphed into a vague promise of ‘strong measures in the coming weeks’ – wow – the euro is saved – hallelujah, I think not!

As they say, what goes up always comes down, which sadly included Boris from his high wire act, and the share prices that went up when the ECB boss made his rash statement a week ago, have now come down when, as is always the case with the EU, this was all bluff and bluster with no substance.

After watching this farcical performance from the ECB and its boss, not many people can have much comfort in the knowledge the ECB could, if discussions between the ECB, the EU Commission and member states agreeing to the ECB being given total control over all the banks within the European Union with the draconian powers to order the closure of lenders. Although this power has not yet been granted, it still goes to show what a scary place the EU has become. It always had ambitions to become a nation in its own right but has turned out to be a horrific nightmare instead.

At the moment the weekend looms, the EU has not yet taken all our dosh, and tomorrow, Saturday, our Walsall UKIP branch is holding a Summer Party in, you may well guess, the Lyndon House Hotel where we hope to raise a few quid for the branch to give us the funds to fight the forthcoming European and Parliamentary elections and start the process of rescuing Britain from the mess the EU has become with a good result from UKIP.

Mario Draghi and his EU chums can do all they like to attempt to save the fiscal plague ridden EU, my left hand will get better, the euro will not.

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