Saturday, 30 March 2013

44 F - Easter

Thats the temp 44 F at 10: 30 AM in the shade. Bright sun and seems calm.

News : Cyprus again. The overall problem as explained by a financial pundit ; you can't give the same toys to all the children, especially sharp ones. The Euro was introduced in 1999 as a measure to unify the 12 - country compact. The Euro was to ease trade between the members and facilitate interactions.
The problem was 2 - fold in that not all countries voted on adopting the Euro and the process gave a cushion and security blanket to banking systems anxious to part of the international ' big boys ' club 
but without the skill or knowledge.
In the estimation of some, the crises in Iceland ( had its own currency ),Greece, Spain etc were predictable.
The experts now say the process of re-habbing the economy of Cyprus will create 2 Euros -  a Cyprus Euro that cannot move and the other one.
The financial world outside the E.U. figured that their should have been a ' A Euro ' and a ' B Euro ' from the get go and now there will be.
Of course, who wants to be the one that gets the ' Euro B ' - I mean were all equals ... right. No way, Jose.

At the same time, efforts are being made to link areas of the world to-gether in partnerships b/c the E.U. is going so well.



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