German Economy Soars on the Back of Greek Austerity

Over the past 5 years the German economy has soared as the Euro has become weaker and weaker on the international currency stage. Not all that many years ago the the DAX was at about the same level as Londons FTSE, which has  remained stuck at under 7,000 whist the DAX has gone ahead in […]

Has Primark Gone ex Growth ?

Associated British Foods, ABF, owners of Primark have been reduced to claiming that Primark has been impacted by currency rates.  Amazing how when things start to go wrong currency rates is the directors first choice as to where to lay the blame. The fact that in the previous years of heady growth, currency rates never […]

It Looks Like OXI and Europe Calls for Overthrow of the Greek Government

A week ago Greece’s debt suddenly became irrelevant to the unelected officials of the ECB, the IMF and the Eurozone. For the last 7 days solving the debt problem has hardly received a mention. The Troika suddenly lost interest in it, for a far more insidious threat. The Greek government was doing the unthinkable, it […]

Greece On the Brink of Collapse

After only four days of closed banks the Greek economy is already collapsing. Manufacturers who need to import basic materials can no longer do so and are facing closure. Supplies of basic medicines will soon begin to run out. Whether you are dying of cancer or just suffering from hay fever, will become irrelevant. Supermarket […]

The End of the European Dream (1)

Europe’s leaders, elected and unelected, believe that if austerity is imposed on a country to such an extent that its economy collapses by 25% in 3 years, then that will increase the country’s chances of repaying its debts. Outside Europe there is not an economist in the world who believes such crass nonsense. Greece has […]