“The EU is mired in deep structural crisis. Greece, Portugal and Ireland cannot survive inside the Euro.”
We have been in recess since July, and during that time there have been a fuel crisis, a Danish no vote, the collapse of the Euro and a war in the middle east, but what is our business tomorrow? The Insolvency Bill [Lords]. It ought be called the Bankruptcy Bill [Commons], because we play no role.tony benn
"And what is the reaction of the British politcal class? Well the Lib Dems, still think that the Euro is a success! I don't quiet think where Cleggy gets this from, I don't know. Prehaps he is cosidering an alternative career, as a stand up comedian, once he's out of politics."nigel farage
This existing base of FLOSS software represents a lower bound of about 131,000 real person-years of effort that has been devoted exclusively by programmers. As this is mostly by individuals not directly paid for development, it represents a significant gap in national accounts of productivity. Annualised and adjusted for growth this represents at least Euro 800 million in voluntary contribution from programmers alone each year, of which nearly half are based in Europe.
Firms have invested an estimated Euro 1.2 billion in developing FLOSS software that is made freely available. Such firms represent in total at least 565,000 jobs and Euro 263 billion in annual revenue. Contributing firms are from several non-IT (but often ICT intensive) sectors, and tend to have much higher revenues than non-contributing firms.
"It is virtually impossible for what you are voting on to remain as it is currently. There could be huge changes to the treaty and there could be huge changes to the Euro zone itself."nigel farage
Today, no one would dispute that information technology has become the backbone of commerce. It underpins the operations of individual companies, ties together far-flung supply chains, and, increasingly, links businesses to the customers they serve. Hardly a dollar or a Euro changes hands anymore without the aid of computer systems.
What has happened, it turns out, is that by going on the Euro, Spain and Italy in effect reduced themselves to the status of Third World countries that have to borrow in someone else’s currency, with all the loss of flexibility that implies.
The idea that the Euro has "failed" is dangerously naive. The Euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do.
Moving to a full monetary union in Europe is like putting the cart before the horse. A major shock would result in unbearable pressure within the Union because of limited labour mobility, inadequate fiscal redistribution, and a ECB(European Central Bank) that will probably want to keep monetary conditions tight in order to make the Euro as strong as the dollar. This is surely the prescription for major future problems.
Lauriger Horatius Quam dixisti verum; Fugit Euro citius Tempus edax rerum.
"The Euro Titanic has now hit the iceberg - and there simply aren't enough lifeboats to go round."nigel farage