... Catalonia, an example why separatism is bullshit ...

... in the 21st century.

There is no accounting for failure, businesses fail, politics fail, people fail, but when you fail to the tune of ...

... €48 billion (£ 37 billion)

,,, and there are only 7.5 million people it gets tricky !

A report by Iain Dey of the Sunday Times paints a very bleak picture :

WORLD markets are set for a rocky week after it emerged yesterday that a second Spanish region is on the brink of asking Madrid for help.  Catalonia, the region that includes Barcelona, is said to be days away from requesting an emergency loan. It is unable to pay the interest on € 48 billion (£ 37 billion) of debts, according to reports.
Markets tumbled on Friday after a rescue deal for Valencia — site of some of the worst excesses of Spain’s property boom — was unveiled.  An emergency loan of an undisclosed size will be made by the Spanish government via an €18 billion rescue fund set up two weeks ago to deal with struggling regions. Spanish reports claim that six other regions may need help.
Spanish shares suffered their biggest one-day drop in two years on the back of the news, falling 5.8%. Germany’s Dax dropped 1.8% and France’s Cac plunged by 2.1%. The FTSE 100 closed more than 1% down on Friday at 5,655.04. The interest rate on Spain’s 10-year bonds jumped to 7.28%, a level that most economists say is unsustainable.

News of the Valencia bailout came as eurozone ministers ratified a bailout worth up to €100 billion for Spanish banks. The final figure will be known only after a review of the loan books is completed by the auditors PWC, Deloitte, Ernst & Young and KPMG.

And the corruption that is politics ...

Sources close to the review claim that Spain’s central bank is pressuring the auditors to ensure that they produce nothing that could even hint at the possibility that Spain’s three main lenders will need capital. The government has insisted that Santander, BBVA and La Caixa are sound.

I wonder if similar words were used in Greece when they were preparing to join the Euro ....

Fortunately for the poor saps of Catalonia the Spanish people as a whole nation, all 47 million of them, will pool their resources, and go without during the hard times, to pay the exorbitant 7.28% interest rate and bail out the devolved administration, and there are another six other regions needing help, poor Spain .......

So when the separatist agenda talk the talk that small is best, think of Spain, we all share the incompetence that is politics, and when we have to share the legacy of incompetence, the more the merrier is a better clarion call, think of Catalonia.  To see the illusions of Grandier, look no further than the Welsh Assembly!

I didn't realise how corrupt ...

... Greek society is, how incomprehensible, and the sheer Greek cheek expecting the poor of Britain to subsidise its debts that have been used for ...

• ... children who inherit dead parents pensions.
• ... MPs paid 16 monthly salaries each year.
• ... bonuses paid to civil servants who wash their hands.
• ... university professors who use research funds to buy card and houses.
• ... luxury holidays for state employees.
• ... €8 billion paid to power workers pension fund.
• ... ministries where only half the staff turn up for work.

... and it goes on and on and on ...

The Greek deputy prime minister Theodros Pangalos, who recently said the people are as much to blame as the government for the country's €350 billion debt when he said "We ate the money together"....

.... and they continue to eat the money together, people retire at 40 but have to turn up in person at the bank once a year in order to prove they were still alive; the children of thousands of dead Greeks had been receiving their parents pensions for decades.

Chemists in Greece earn €35 for every €100 worth of drugs provided, in Germany it is €3.80, there are 4 times the number of teachers per pupil than in Finland which allegedly have the premier European education system.

It seems that Greece has one of the worse investment climates in the world, 96th place between Papua New Guinea and the Dominican Republic; if a Greek island were put on the market there is the issue of 2500 official licences and permits needed to conclude the sale.

It seems that every 6th Greek pays "fakelaki", "small envelopes", the slang for bribes to the tune of €1500 for each household, a total of €1 billion annually.  This is the country that wants the poor of Anglesey to subsidise its corruption.

Investors ask the question "Is there any point in investing", and then walk away, and so should the governments of Europe, walk away and don't look back ...

... unless you can give the honest taxpayers of Europe a good enough reason to continue the bailout of corruption.  I cannot think of a single good reason to bankroll this country.

In Wales our Assembly Government only wasted £100 million on business that generated no business, I think it is small thanks to their ineptitude, it could have been a £1 billion if they had really tried hard.  But we probably have a government neck to match the Greeks, our home grown Hart refuses to speak to our Westminster Government.  Is there something nasty in the Assembly Woodshed I wonder ...

... could it be for Wales read Greece.