"Vanity and pride are different things, though the words are often used synonymously. A person may be proud without being vain. Pride relates more to our opinion of ourselves, vanity to what we would have others think of us."

Friday, May 14, 2010

The Economic point of view.

The author has taught me Economics during M.A Econ.

Can you have a common monetary policy and currency without a common government?

Euro was a good idea initially from an economic point of view, but that the forces behind it had been political, and the project had been caught between countries’ desire to remain independent and having to give up some of their sovereignty.
“I think Europe’s going to have to decide in the end whether to get more integrated or to get less integrated, in which case the euro is the question.”

According to White House economic advisor Paul Volcker said Thursday that the lesson of Europe’s current woes is that the euro zone will have to integrate to a greater or lesser degree than its present state.

It wasn't his place to tell Europe what to do, but he said it was a big issue.

Talking on what measurement has been taken up by European Union (EU),

EU finance ministers and the International Monetary Fund agreed Monday to commit 750 billion euros to support euro-zone governments that have difficulty borrowing in the international bond markets,

while the European Central Bank (ECB) began to buy euro-zone government bonds in an effort to bring down borrowing costs. The unprecedented package of measures responded to concerns that strains linked to the Greek debt crisis could spread.

This my darling, will definitely put the countries like Portugal, Italy/ Iceland, Greece, Spain (PIGS) on fire. I am not sure how people will react, a Government with EU Financial Controllers sitting in every Board of Executive of Ministries department, higher or new improvement on Taxes and Excess Duties, and on top of it, is the decision power exhale by the Prime Minister of the country has now gone with the wind.
As an Economist, i believe that any Government should protect all their citizens, by hook or by crook! so taking an easy step in every departments would create a harmonious environment rather than acrimonious.

Surely, i need a public policy personnel to help me on this matter. A well known exemplary among their peers. A wise men as a leader and doers not the sweet talker.

During my years of service as Economic Planner in Middle East country, I have exhale by acts upon exemplary. Showing mercy to all levels of people and trustworthy.

Pray for me-self, i am taking up the one year contract with ECB and EU's and IMF and God, to be able to fixed some mistakes and leave this very world with dignity. My closest friends said "i am nuts and would ended nowhere with many problems".

Steve's is very supportive and he'd always be with me, come rain or come shine.

Would love to give a try.....by God's willing.

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