Tuesday, April 09, 2013

April 9, 2013

Netherlands is the next crisis candidate to fall (via Mish):
The Netherlands is still one of the most competitive countries in the European Union, but now that the real estate bubble has burst, it threatens to take down the entire economy with it. Unemployment is on the rise, consumption is down and growth has come to a standstill. Despite tough austerity measures, this year the government in The Hague will violate the EU deficit criterion, which forbid new borrowing of more than 3 percent of gross domestic product (GDP).
It's a heavy burden, especially for Dutch Finance Minister Jeroen Dijsselbloem, who is also the new head of the Euro Group, and now finds himself in the unexpected role of being both a watchdog for the monetary union and a crisis candidate.
Is this the same joker who got into trouble over his 'what's happening in Cyprus is a template' comment?  What do you know, it is. If you swing your leg too far back to kick someone, watch out, it could be your own ass that's gets the whupping.

Shouldn't speak ill of the dead, but this is hilarious:
"How should we honor her? Let’s privatize her funeral. Put it out to competitive tender and accept the cheapest bid. It’s what she would have wanted." said left-wing film director Ken Loach, according to Yahoo Movies. The funeral at St Paul's Cathedral is expected to cost around £8 million.