Will Greece bring down the Eurozone?

Posted on December 30, 2014  by Flavius Claudius Julianus  in Europe // 2 Comments

After failing for a third time to elect a new president, the Greek government announced a snap election for January 25th. The prospect of early parliamentary elections is unsettling investors in Europe. It brings back memories of the financial crisis in 2012 when the survival of the Euro was questioned. Many fear that the anti-austerity Syriza party led by Alexis Tsipras will win the election and form the next Greek government. Syriza wants to bring about a drastic reduction of the country’s sovereign debt which is again at 170 per cent of GDP.

Three days earlier, on the 22nd January, the board of the European Central Bank (ECB) meets to discuss a new program of quantitative easing. The ECB argues that it has to promote inflation to get it back to its 2 per cent target. This would help to erode the weight of public debt in the Eurozone which is at unsustainable levels. Inflation at 2 per cent for 35 years would mean that the present real value of the debt would be reduced by half. Will this be enough? Is it not more likely that the debt situation gets worse even if the ECB reaches its target? Is is not more likely that the ECB is now so desperate to keep the Eurozone together that they are ramping up the printing press to monetise government debt?
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How to deal with the defamatory mainstream media

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The following article  by Flavius Claudius Julianus was posted on Ukipdaily

It happens almost every day now. The mainstream media are using all means available to damage UKIP’s reputation. The latest incident that came to my attention was an interview that a misguided and utterly naïve UKIP councillor gave to BBC Radio 4; naïve because he assumed that the media has integrity. In nine out of 10 cases there is nothing of this sort. Journalists will try their utmost to trip you up and to twist every word in your mouth, outright lies included. You may say that the sky is blue and a ruthless journalist will claim you said the sky is black and call you a racist for that.  It is essential to understand that the mainstream media, including the BBC, are UKIP’s enemy. The defamation is always the same. They say that UKIP is racist or xenophobic. If this does not work then they claim that UKIP is anti-Semitic or anti US or full of sleaze. The mainstream media is firmly behind the Westminster club. There are other things that happen behind the scenes.
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Boxing Day 2014 – A Bad Day for Wind

kettles-and-wind2-620x264The following article by Anthony Nailer appeared in UkipDaily.

Note:To check the instantaneous usage of electricity in the UK goto: http://www.gridwatch.templar.co.uk/

So on this crisp winter morning, when breakfast is a relatively small affair because of the over indulgence on food yesterday and sleeping in late because of much imbibing across the land. Hardly anyone is doing their washing and the order of the day so far may be steaming hot cups of coffee.  So electricity demand is quite low and may even be kept down when the fire in the lounge is lit and another yule log thrown on.

Looking at the National Grid site http://www.gridwatch.templar.co.uk/ reporting ongoing electricity demand at 8.45am this morning showed the total consumption was 29GW, which is about two-thirds of demand of a working day.  Of this the coal fired stations, which take a little time to ramp up and ramp down were supplying 43% of our needs with an output of 12.8GW.
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The Queen’s Christmas Day Speech.

Here is a Full Transcript of the Queen’s Speech for Christmas 2014

Queen's Christmas broadcast

In the ruins of the old Coventry Cathedral is a sculpture of a man and a woman reaching out to embrace each other. The sculptor was inspired by the story of a woman who crossed Europe on foot after the war to find her husband. Casts of the same sculpture can be found in Belfast and Berlin, and it is simply called Reconciliation.

Reconciliation is the peaceful end to conflict, and we were reminded of this in August when countries on both sides of the First World War came together to remember in peace. The ceramic poppies at the Tower of London drew millions, and the only possible reaction to seeing them and walking among them was silence. For every poppy a life; and a reminder of the grief of loved ones left behind.

 

poppies pouring out of the TowerThe Queen and poppies

 

 

 

 
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Radical Islam, the Left and the war on the Commonwealth

The following article by Morpheus Magnus appeared in Ukipdailyillegal-immigrants-620x264

Like most people, I was sickened to see the events unfolding in Sydney. We learned than an asylum seeker with a long criminal record had murdered several people at a chocolate shop in Sydney, just a stone’s throw from the New South Wales parliament. One of the first things that struck me is how did this happen? Australia is often held up by UKIP as a great example. It has a solid patriotism and a strong immigration system, which does have its loopholes.
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Time to roll out UKIP-Economics?

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The following article by Flavius Claudius Julianus appeared in Ukip Daily.

We all remember the phrase “It’s the economy stupid” coined by Bill Clinton’s campaign manager James Carville. In March 1991, days after the Invasion of Iraq 90% of polled US citizens approved of President Bush’s job performance. Later the next year, their opinions had turned sharply; by August 1992 64% of voters disapproved of Bush’s job performance.

The UK economy is in a difficult situation. The Tory led government has a massive budget deficit of circa 100bn GBP and no credible plan to reduce it. The Labour party has no credible plan either, it appears that they are even more dovish. Mired in massive debts and faced with shaky growth prospects, the country urgently needs a boost of prosperity.
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UKIP.ORG: EU forces online SMEs to register for VAT from Jan 1st 2015

Published ukip.org Dec 19, 2014

Margot_3From January 1st all small business entrepreneurs who sell online to the EU will be forced to register for VAT.

The new regulations were designed to take more VAT from online giants such as Amazon but will now load new regulations and burdens onto small businesses. Online microbusinesses which sell anything to EU customers will be forced to register for VAT even if their turnover is under the £81,000 threshold.

Read full article: http://www.ukip.org/eu_forces_online_smes_to_register_for_vat_from_jan_1st_2015

Telegraph: It was the EU that provoked the Ukrainian shambles, not Vladimir Putin

The EU has a remorseless urge to draw the cradle of Russian identity into its own empire, writes Christopher Booker.EU flag burn

This has been presented as wholly the fault of the Russian “dictator” Vladimir Putin, compared by Hillary Clinton and the Prince of Wales to Hitler, for his “annexing” of Crimea and for fomenting the armed uprising in eastern Ukraine. Almost entirely blotted out has been the key part played in triggering this crisis by the remorseless urge of the EU to draw the cradle of Russian identity into its own empire.

Read full article: http://www.telegraph.co.uk/comment/11305124/It-was-the-EU-that-provoked-the-Ukrainian-shambles-not-Vladimir-Putin.html