Monday, 22 June 2015

Tax credit cuts and Greece

I have never been a fan of tax credits I was born to soon to benefit from them, no doubt had I been able to receive money from the system I would have had a different view of getting extra cash for going to work. Unfortunately I was unable to claim  tax credits and I had to bring up my three children without the help of the claiming any tax benefits. This form of refunding money used to be available to people earning almost forty thousand pounds a year. The figure for top claimants earning has been reduced to thirty three thousand pounds but if the news broadcast' s are to be believed that figure is going to be cut. I have no problem with people getting what is available to them it is the whole  tax credit idea that I find  stupid. Talking about stupidly the Eurozone is once again wagging its finger at Greece and enforcing its requirements to enable Greece obtain finance to pay of debts to the Eurozone. . I know I have a simplistic view of Greece's problems  but Europe is lending Greece money so that it can give most of it straight back, to me that is stupidly ohh I forgot to say the Eurozone is screwing Greece by not giving the dosh until Europe has inflicted pain upon the Greek people. Masochistic if you ask me.

Monday, 8 June 2015

Referendum is on the cards

We are in the run up to an EU referendum and I heard in mentioned that they are working on the wording of it. How simple can an in out referendum be? But political power's have to complicate the question. Stay in or get out are the only two  things that been be on the paper but they are working on the wording. It always amazes me how complicated simple thing can become. I always used to say "if you want to go a quick thing slowly involve a committee" and the bigger the committee the slower the progress. Personally I want us to stay in the European Union. I think we will be silly to walk away from being a part of our biggest trading partners. Yes there is stuff I would like to see changed but leave not on your nelly.
Being part of a family is very much like being in the EU. Sometimes you don't like stuff other family members do but you don't disown them. To me it's seems crazy to make trading with other EU counties more difficult. I can't understand the Ukip stance of if it's foreign it is bad. Nigel Farrage has based his whole political premise on getting out of Europe because he dislikes Europeans?  Maybe. I know fellow Brits who are suspicious of anyone who can't speak English and who when on holiday in Spain just talk to waiters very loud and slowly expecting them to understand. It never occurred that people from a foreign country wouldn't be able to speak English.

Saturday, 6 June 2015

Will this month see Greek Exit

I have been prediction the Grexit or Greek Exit for over eighteen months and as each payment date draws ever closer they manage to pay up. This time will be slightly different but I expect to see them hang on to the end of the month, that in itself is only making things worse. With the euro hemorrhaging from Greek Banks the country runs the risk of running out of money and then after refusing to pay until the end of the month will become we cant pay this month and them  we cant pay FULL STOP. I saw the argument that it could stay in the euro with a different exchange rate but I cant see that being of much help other than delaying the inevitable. Talks with Russia are I imagine a way of goading European leaders rather than being a way to raise cash. Russia gains nothing from Greece other than to poke a stick in the eye of European leaders and whilst this may be tempting Russia is hurting under its current sanctions and would like to get back on a more even relationship with the West. Today is the sixth of June In am not a gambling man but my money is on the EU backing down and helping its troublesome partner before the end of the month because by then the Greek Coffers will be empty.