Panic in Europe again.
It’s a bit strange really, even though we have worked one day less this week most of us were more tired when going home after work than we usually are🙂🙂 The sun has been shining most parts of the day but now the clouds are heavy and soon the raining will start. It will rain all night but when morning comes tomorrow so will the sun they say.
Panic is spreading in the European financial circuits once again. Greece, Portugal and Ireland already have bad economies but those countries are small and don’t effect the European economies that much. Now however one of the bigger is close to failing totally, Spain. It isn’t the country’s economy that is so bad to be honest, it’s the Spanish banks that have been way to generous with bank loans for properties. Now their credit losses are so big that they are close to become bankrupt. So the Spanish state now must put in lots of money in the banks so that people won’t lose their money.
I must confess that I never liked the idea of a European Union, We have loads of languages, just the cost of translators in the EU parliament is huge! farmers down in Sicily have the same rules as the ones most far north in Sweden and Finland even though we really don’t have the same conditions and lets not forget the big corruption in the Eu parliament! I’m not saying we don’t have corruption in Sweden, we do but not even close to what has been revealed in reports from the EU parliament.
But the big problem was when all countries started to use the same currency. Not all countries were totally honest about their economy and that’s why they have these huge problems now. Before they could devalue their currency and solve some of their problems that way, that is impossible if they have the same as all the others. We Swedes that joined the EU (by referendum) but really didn’t like it🙂🙂🙂 Refused to join the new currency (by referendum this time too). Our politicians were so angry, we were stupid that didn’t join this fantastic opportunity!!! They don’t say that any longer🙂🙂🙂 Thanks to our refusal we now have one of the strongest economies in Europe🙂🙂🙂
It’s time to make something to eat and a pot of tea. The European Championships in football (or soccer as You americans call it) starts officially today. I might look a match this evening but otherwise there’s nothing worth watching on any channel. But I’ve bought the second film in the Narnia series (Prince Caspian) so I might look at that one instead.