Showing posts with label EUROPE. Show all posts
Showing posts with label EUROPE. Show all posts

Friday, 12 February 2010

Spain is under attack

Spain, or rather it's government, is under attack from inside and out. With the EU rotational six-month presidency only six weeks in Spanish hands, Prime Minister (or President of the Government if you prefer) José Luis Rodríguez Zapatero's popularity sinks below that of Opposition Leader Mariano Rajoy for the first time since the former's reelection two years ago. His party, PSOE, is down in the popularity charts, too; the PP (Partido Popular) leads by over 6 points in the 'if the elections were held today' polls. This in the country's highly politically-polarized media, where statistics tend to reflect the views of the Pied Piper who pays the bills.

In a more personal poll, my e-mails, usually plagued with nonsense messages, are now showing increasingly anti-government stuff sent by well-meaning friends and (virtual) acquaintances of all political shades. (Please stop it!)

Back to Europe. Zapatero may have begun his downward climb -I won't call it a spiral yet- at Davos, the recent annual informal business-political-economic-etc. summit held in Swtzerland. He stood out as the only head of government present who had no English. As I said, not a good start for the President of a European Union where the lingua franca is English among the 27 countries, and more languages, that make it up.

Recent upheaval about the financial situation of Greece, has brought about a non-Spanish media frenzy that proposes a domino effect: if Greece falls into (officially admitted) bankruptcy, Spain, Portugal and Ireland will be next. And bang goes the Euro.

In the meantime, Zapatero's Number Two, María Teresa Fernández de la Vega, who stands in for her Europe-gallavanting boss more often than not, appears ever more haggard trying to persuade the inquisitive press that everything will be alright, not unlike a distracted mother kissing a grazed knee that will later be discovered to need painful surgery.

Today's Economist publishes an article by Charlemagne entitled: 'Old Spanish practices - Spain now leads the European Union, but not by example' (illustrated by Peter Schrank above) that includes the sentence, "Editorials across the EU have mocked the idea of Mr Zapatero advising Europe on economic recovery." And my good friend Sancho came up with 'Is Zapatero un cateto?' just the other day. Judge for yourself, but let's not forget that there at least two sides to every story.

(c) Alexander Bewick 2010

Sunday, 7 December 2008

I came across a past copy of the Daily Express, not a paper I read often even online. Above the main headline you will see: “EXCLUSIVE: Secret squad preparing us to join euro.” I know what the political inclination of the Express is, so its alarmist tone doesn’t surprise me in the least. On Page 2 is a long article headlined, “X43m is spent on unit plotting to join euro.” (The X should be a pound sign but I haven’t got one readily available on my keyboard. Sorry.) There is even a box for a poll that asks, “Is joining the euro a disaster for Britain?” and phone numbers marked Yes or No – costing at least 25p (or €0.31) per call. The article is full of words and phrases like 'secretive', 'lavished on the project,' 'will fuel fears', 'propaganda', and so on. Subsequent articles and comments in that paper are much the same (see one here: “Spectre of rule by Europe, etc.”), and that isn’t the only such rag perpetrating the myth.

As anyone living in Spain on a fixed income in pounds will tell you, the exchange rate right now is crap and although I might not be an economist, I can predict that things are unlikely to get any better. Indeed, I figure we’re headed for a 1 to 1 exchange rate and an opportunity for Britain to at last join the euro zone. (Alarums from Express readers.)

What’s wrong with that? As almost any related Express article will tell you, rule by Brussels is anathema. Yet the UK is ruled by the EU already – or why are there constant complaints about it? A favourable exchange rate would surely mean that more British goods would be sold around the world, specially in Europe. And millions of travellers to the continent, that far off place just across the Channel, wouldn’t have to deal with the ‘complicated’ business of changing currencies everywhere. And let’s not even mention pensions for expat residents this side of the water, many of whom can no longer afford to live here in the style to which they’d become accustomed and most certainly couldn’t afford to live the same way in the UK either.

The first glass of wine I ever had in Spain a million years ago cost 2 pesetas (or €0.01) and it came with a tapa of delicious olives. My first wage packet in London, about a year before I took wine and tapas in Spain, was not quite X20 (or about €25 at today’s exchange rate) and wine in the pubs around Fleet Street where I worked was prohibitive, Rioja even more so and the cheap Cyprus variety undrinkable. Things have changed, of course, but in Spain we work in order to live, while in Britain it appears they live in order to work – if they’re not scamming the overloaded benefit system, that is. Not even Brussels can change those attitudes.

(c) Alexander Bewick 2008