Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
What use is gaining a new weapon if they don't know how to use it, and only provoke an attack by a squad of master swordsmen?

It would be positive thing, would they have any workable plans to ward off the revenge of the markets. Which, as Crazy Horse's comment implies, is on-going; the national currency again dropped about 3% vs. the Euro this week. But, in addition to the flat tax idiocy, this bunch couldn't anticipate the first market attack over the past autumn (when they sought to stop the markets by arguing that the fundamentals are correct, just like the Socialists after the 2008 market attack); andnever seriously attempted to solve the core problem of credits denominated in foreign currencies (their 'solution' is a present to the domestic rich: credits can be repaid in one sum at a fixed low exchange rate, which may hurt banks but benefits only those who do have the money to pay it back in one sum). I also heard that several medium-sized entrepreneurs are thinking about taking their capital abroad before an expected collapse, which again totally negates the government's expectation of the economically most active people (the benefactors of the flat tax and the single sum credit repayment, as well as the loosened labour laws) reinvesting their money at home.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Jan 4th, 2012 at 04:14:59 PM EST
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