Showing posts with label Euro. Show all posts
Showing posts with label Euro. Show all posts

Tuesday, January 17, 2012

Parity... with the Euro?

I suppose some might think it selfish that, not content with encouraging the breakup of the U.K., I also keep among my other intentions the desire that the Euro continue to fall in value (as it surely will for well-known reasons, such as the unaccountable refusal of the Greeks to accept German expertise in balancing their books – after all, matters in Athens are a real polnische Wirtschaft, surely requiring incorrupt outsiders to take over the complete mess that their finances have fallen into, just as the Imperial Maritime Customs Service of the late Chinese Empire was largely administered by foreigners – and the foolish stubbornness of the rest of the E.U. in trying to maintain the Euro, rather than forcing those unsuited to it to revert to their drachmas and like play-money, or at the least stop taking siestas and start working harder, pay their taxes and live within their means).

Given the refusal of European bureaucrats and the political elite to face reality, rather than concoct yet another sweetheart deal that solves nothing, it appears more and more likely that the Euro will continue to sink; which just happens to perfectly suit my holiday plans for mid-year (so long as rioting and social unrest doesn't break out in France and Italy, which would make my trip unpleasant).  The Australian dollar (thanks to the Chinese buying up our exports – please God their economy doesn't keel over – and our own dumb luck in being in a much better situation than the rest of the West, in not being entirely overburdened by debt), already worth more than the U.S. dollar, is trending upwards, being at present worth 81 eurocents, if I heard correctly; if only this continues, I'll holiday in style.  Parity, please!