Game Over (Part 1)

Game Over
Now we hit the ground. No airbag, nor any other equipment of our ruined car called EU was able to protect us against this downfall. It’s like a car driver seeing the tree 5 miles ahead but pointing on it with 90 mph. A behavior the EU and it’s member states applied and apply in recent time. I call it “auto-determined and conscious distruction”. You know that pointing that tree with the high speed will harm you. But as a EU leader (and driver) you likely prefer to enjoy the minutes between the speed-rush and the impact rather than thinking about how to avoid the fatality.
Ups …. Sorry it was a videogame :=). But do you recognize the events lately happened to Europe struggling about sovereign debt anf high interest rates in treasure papers? My videogame console I can reset or change the game when I’m sucked with the current one. But economic and political reality isn’t that easy to reset, nor we are able to mutate situations with a Harry Potter wand trick.
Global players in economy have learned to cooperate to defy the big ones on their own grounds. They know that without coop you’re out of game. 11 single stubborn soccer kickers aren’t a team to face a game. But Europe fatally lets us know that our team (EU) is far from be united (neither is able to agree superficial terms!). NIMBY. That’s the slogan our EU governments printed on their shirts. Everyone with its own national flag on it and dressed different from the others. Would you attend a soccer game like that? Would you spend any money on a game played by such a dis-coordinated team…?
The same question is now running exchange halls force and back. Investors know they are responsible on this alternation of the markets but they are glad and thankful to Europe because they make it possible. Gambling from small to big. Nothing else exchange halls nowdays mean.
We need a global effort to solve global issues. Not only in economics, but also in social, religion, justice. As long as all players act as a “one-man-show” to attract the others we will never get a touchable positive result on it. And this will mean… GAME OVER!
Copyright © 2011 by Inboxfolder (inboxfolder(at)

Weak with Greek

In big trouble this time

Recent development in a Greece default are rising up as Standard & Poor’s dropped Greeks bonds to “junk-bonds”. This in another fine example of how the carnivorous free market is feeding itself with a big nutrient called speculation. And European leaders and policy are not even helpful at all as they are divided (what a gap!) on how to handle the Greek question. Many people knew that Greece when added to the EU currency union it’s economical and financial structure is not up to the state-of-the-art of other nations. Negligence and tax evasion did the rest. European financial observers were surely up to the view about Greek’s national debt and status. And they played with it on the stock exchanges. Then there were all the tourists going to Greece having cheap holidays in an EU country (=means you have the security and stability of an EU country and can pay with your EUR money). I think none of the vacationers to Greece ever thought about the cheap services and meals you could get there and why in many places small restaurants neither had a cash desk(!).

And so we did have Greece it’s own ongoing despite the “strange” issues it has inside. Politicians are very cautious about their arguments they put on table. As long as Greece was able to handle it’s enormous debt it’s own way everything was fine. And I cannot believe the ECB never thought (at least a bit) about the huge debt and deficit of the Greek economy. Then Lehman Brothers bought more decline to the fragile Greek economy, suffering the last 10-15 years. Greece (I supposed) was hoping in stability entering the EUR currency club. But with no strange austerity and new procedures of optimization in public administration and spending this positive effect never came to work.

Nowdays we are witness to the market ruling Greece it’s own way. Markets will have Greece to fail to speculate on it’s default.

Yes, we need to reprove Greece about it’s household’s over the last 10-15 years. Yes, we need to blame our EU politicians because they never took an eyeball deeper into Greece to understand maybe future risks. Yes, we need to condemn unlimited speculations on state defaults.

The latest shout-outs about a “kick-out” of Greece out of the EU currency union are ridiculous. Even Germany (I suppose) was basically informed about the Greeks economical, social and financial weakness and the policies that came to work in the Hellenic country. Policies that didn’t target on efficiency and saving in costs of public administration and health care. So Germany is right to invoke strict rules if any help package should be sent to Athens. And Athens itself needs to confess it’s sin not be have worked as recommended on it’s internal problems. But Germany cannot almost kick out Greece of the European Currency Union because they are near default. This kick out might be a huge damage to the EURO. In fact, many think that the EURO know is running it’s real challenge since introduction in 1999. To find mechanisms and control strategies to deny further ASAD “a-state-almost-default” events. But Bruxelles and it’s member states are not really willing to touch deep issues on how to deal with this “Greek geek”. The EU European Union) needs finally to stand tall as one entity and to find ways to point out long-term policy goals and to win nationalism in it’s member countries.

As you can see, big institutions have the same behavior of human beings. We realize the “wrong” or the “emergency” only in case of it’s put into effect. So we skip smoking only when told by the medic we have lung cancer. Preventive measures we didn’t apply to avoid it. Ad that’s the same many deal recklessness with their money until one day the eviction letters flies in.

In big or small, we do it all (the same way like they do).