Thursday, 3 November 2011

Final thought for the day.........

Of late, we in the UK have suffered more French Sark(asm) than we can tolerate, we have received far more advice from the German 'Merk' production line than is acceptable, we have been (Ca)marooned from our right to participate in the democratic process, we have been presented with more bands than can be fitted into a Mini Milli, we have suffered more 'Balls' from political parties beyond human endurance, we have been informed that our lack of 'Cash' is being dealt with, albeit very slowly (actually too much 'Cash' can also be a problem, but I digress), we have been 'José'd" with more bullshit than any farmer could handle - as a result of which, a question:

Is it not time we grabbed the eraser* with both hands and thus wiped the slate clean?

*Any 'eraser' may be utilised - providing it is either hemp or an AK47.............


Bill said...

Have a look at this WFW.

This website presents the results of a simulation conducted by students at ESCP Europe Business School. The aim was to uncover the amount of interlinked debt between Portugal, Ireland, Italy, Greece, Spain, Britain, France, and Germany; and then see what would happen if they attempted to cross cancel obligations.
The results were astounding:

* The countries can reduce their total debt by 64% through cross cancellation of interlinked debt, taking total debt from 40.47% of GDP to 14.58%
* Six countries – Ireland, Italy, Spain, Britain, France and Germany – can write off more than 50% of their outstanding debt
* Three countries - Ireland, Italy, and Germany – can reduce their obligations such that they owe more than €1bn to only 2 other countries
* Ireland can reduce its debt from almost 130% of GDP to under 20% of GDP
* France can virtually eliminate its debt – reducing it to just 0.06% of GDP

James Higham said...

Patience - their fall is coming.

WitteringsfromWitney said...

Bill: thanks for that link - have used as you will see

JH: As you know I am not the patient type!