Dijsselbloem: more ex-planetary than explanatory
INSIGHT TRACK: Developing stories and their significance
Greece. Syriza’s hand has been further strengthened by the news that their latest Poll rating stands at 45%…around 23% ahead of New Democracy and its leader, the Klown from Kalamata. So I don’t think we’ll be seeing any more robotic Opposition bloc voting for some time. But as you’d imagine, Jeroen René Victor Anton Dijsselbloem doesn’t see it that way: cited by Reuters, he said that Greek voters’ expectations of their new government were “a mile high”.
France. Never underestimate the fiscal journalist’s inability to see the truck coming down the road. Various agencies reported yesterday afternoon that Germany is ‘surging ahead’ at 0.7% while France is struggling to stay upright at 0.1%. OK, I do live in France, but even so I have been posting about uncontrolled State expenditure, increasingly desperate retail sales, hugely anti-entrepreneurial bureaucracy, spiralling labour costs and shoddily-made, overpriced goods here for almost five years. As ever, the likes of Jeroen René Victor Anton Dijsselbloem are “surprised” and “shocked” at the figures. Still, no doubt being a hairdresser, he doesn’t get much time off. I mean, he probably has to spend two hours a day under the drier just to keep his teasy-weasy-curly-wurly bouffant in condition.
Italy. 4% growth in 16 years – total – is a growth rate slower even than Greece, and yet that’s Italy’s overall performance since we all got saddled with the euro. And Italy didn’t even have any of that ‘help’ from the Troika so generously meted out to the Greeks. All the while, the Italian debt gets bigger, and the voters become more and more europhobic. In fact, if I may lapse momentarily into Dijsselbloeming, voter expectations of the euro are a Mile Low.
Spain. Spanish mortgage default evictions are running currently at 20,000 per annum….and rising. With every sign that the domino contagion effect is going to spread beyond Greek borders, the popularity of Leftist Party Podemos climbs steadily. Yesterday Prime Minister Rajoy expressed his “concern” at the thought of contagion…as well he might: for as well as that, he also has several potential localist splits on his hands.
Think of this as just a little more to tuck away into the “It was all going so well” file when the Day of Reckoning comes.
Yesterday at The Slog: The five pillars of wisdom about Greek debt




