Tuesday, May 08, 2012
Europe is Screaming
Whichever way it goes, Greece seems unlikely to put further cuts in place, a condition for the next bail-out from the EU. The only options for Greece seem to be spending cuts (more pain) or going broke and withdrawing from the Euro (even more pain.) The mood of the country seems to favour the latter. People have had more than enough of austerity imposed by Germany and others. Even in France, which is a long way from bankruptcy, an anti-austerity president has just been elected.
Ad Break: I offer webcam astrology readings (£60 full reading/£30 update) and written responses to specific questions (£30). Price negotiable if you’re hard up. Contact me on Dharmaruci71(at)hotmail.com.
What happens then? I’m sure the rest of Europe will manage to keep its institutions, and the Euro, in place. We in the north may breathe a sigh of relief. The southern economies will have a very grim time for a few years. But Europe has become close, and the Eurozone will probably do what it can to help its bankrupt members recover.
It is the resisting of the inevitable which is often the most painful part. Uranus and Pluto operating in tandem cannot be resisted indefinitely. The first square may just do for Greece. But then there is another square in September, and 5 more after that. Pluto does a thorough job when he dismantles something. Nothing of the old is left, and I think we can be confident that one way or the other nothing of what was unworkable about the Euro will remain in 3 years.