The
British press has coined a new term 'Pigs' during the initial part of
the economic crisis, acronym (initials) of Portugal, Ireland, Greece and
Spain, the countries in the most critically deteriorated situation,
principal cause of the discredit and disparagement of the Euro zone.
Out of those 4 'Pigs', 3 had been intervened in the past 2 years, in
the order of Greece, Ireland and Portugal. Spain is holding it's breath
pending on the reconstruction of the economic system to square up the
deficit.
Along
the way, the expression of 'Pigs' has encountered some alternations
and we could well begin to mint the new term 'Big Pigs' to include
Belgium, Italy and Great Britain. We can also add the F for France, H
for Holland as the pigtails.The peripheral countries have stopped being
the only worrying concern of the markets although they continue to be
in the centre of the bulls-eye.
Great
Britain has announced this week that it has officially entered
recession after accumulating 6 months consecutively of decreases, and it
being the biggest country in Europe outside of the Euro zone, which (
the Euro) up till now, bore the blame. The same fate also happened in
Belgium, Italy and Holland.
I
don't have any knowledge of politics and equally ignorant about world
economy. The immediate future, of Europe anyway, seems very bleak not to
say desperately precarious. Since Pigs are used to describe the
present economic situation I guess we now have to bring in the Turtle
with it's patience and determination to carry on regardless, and the
Hare's swiftness and cunning to get ahead. But, if I remember right,
the fable says the Turtle is at the end the winner.
So we should just tighten our belts and soldier on.
Next: 21st Feb 2012 An Irresistible Ad.
No comments:
Post a Comment