Monday, August 16, 2010

Those of you who read Graeme’s post on the socialist party primaries in Madrid will have come up against the Spanish word autobombast. This translates, rather less sonorously, as ‘self-praise’ and I guess it comes from the same Latin root at ‘bombastic’.

Interesting to see the German economy powering away on the back of a euro rate that suits that country now just as much as it did when it was introduced. But which is now even more inappropriate for the EU’s weaker economies such as Spain. Our friend Ambrose here asks whether the southern Europe states can withstand the ordeal they’re currently being subjected to. Which seems a fair question.

Quote of the Week

There are two Golden Rules for and orchestra. Start together and finish together. The public doesn’t give a damn what goes on in between. 

Sir Thomas Beechamp.


Sierra said...

Another interesting political phrase:

"el pacto antitransfuguismo"

Might be useful for Mr Clegg, given his family ties, when the coalition hits stormy waters

moscow said...

Hi Colin,
I was starting to wonder when you would link up to Ambrose again.

Well, it's easy: the crisis is over. To compare the pint-sized Irish economy with Spain and Italy is plain silly. He says "Ireland has a global economy geared toward global trade". Ok, and so have Spain and Italy. Ambrose once more demonstrates his ability to ignore facts. What the German "boom" signals is the recovery for the rest of Europe. And NO the EURO is not a hindrance to Spain's economy, Colin, on the contrary.

Anyway, this will be all over soon: the euro-haters have had their day. Game over.

kalebeul said...

Hark the Herald Angels sing, Beecham's Pills are just the thing. Or maybe you're too young. I suppose there's always Beauchamp.

Colin said...

I don't know why I wrote that comment about Spain and the current (reduced) euro rate. It obviously helps all EU exporters. I put it down to tiredness and too much BBQ booze.

As for your other statement/prediction, we will see. Particularly when Germany's growth takes the euro back up and Spain hasn't achieved too much "internal deavluation".

Colin said...

And apologies for the extraneous P on 'Beecham'. Probably was subconsciously thinking of the original form Beauchamp.