EURO Marriage Problems: The kids are to blame
March 9th, 2009Imagine the following scene. Two parents, one strict and one indulgent having to deal with a bunch of spoiled kids. The strict one (mum or dad, couldn’t tell nor care, this is not a gender column) always finds that the kids will ultimately side with the indulgent partner. This ultimately causes friction between the parents to the point that it may put their marriage under considerable strain. Nobody loves to be constantly portrayed as the boring disciplinarian one.
Now let’s replace the cast of actors in this fractious domestic scene with something closer to home. So the members of the Euro family are:
· Mama Euro: Germany. Strict. Thrifty, dull, dependable
· Papa Euro: France. Loose. Drama Queen, profligate and loves nothing better than maxing out credit card at Maxime’s
· Spoiled Euro brats:
o Greece. Taramasalata economy with too much olive oil and precious little to show for it. Believes herself a descendent of the Ancient Greeks and spends like Midas
o Spain. Snorting too many tapas and a predilection for excessive property speculation
o Portugal. Where’s the money gone? Always looking a mess despite excessive cosmetic surgery
o Ireland. Affable but ended up falling for its own blarney. Wants money for an abortion of a baby nicknamed Success, that’s not its own
o Italy. Stylish, peacock-like and utterly self-obsessed to the point of being vacuous. Doesn’t care about debt, so long as she looks good, bella figura style

This is Bacalhau or dried salted cod. As I write this, it is the only reason why Portugal got into the EU and the EURO. But if the reason for them being there is the need for having some Portuguese speakers for a spot of diversity, then why not let in Brazil. Their women are beautiful, their dialect is sexier, and they have a space program of their own. They also know how not to treat fish so it tastes like salty carpet.
This is the Euro family and the Euro brats are all after more pocket money to bail them out of the mess they’re in. They look to France to lean their way, as they have some of the largest public debts within the larger EU clan. The public deficit of Greece, this year, is expected to reach 100% of GDP. Italy, on the other hand, is happily looking forward to public deficit of 110% of GDP by next year and intends to have a party to celebrate! Italy does nothing by halves.

After the collapse of the Spanish economy, the national sport will now only use bears...
Mama Euro, played by the very able actress Angela Merkel, has no intention of throwing the family fortune (she’s the moneyed one in the marriage) on a increasingly ineffective husband and even more useless brood. So she refuses to hold big family meetings anymore, because she finds she comes under too much pressure from hubby and kids and ends up looking like shit. That is why Merkel has resisted Sarkozy (Papa Euro)’s calls for a Euro-Zone summit where she will probably be shamed into opening her purse.
http://www.iht.com/articles/2009/03/04/europe/letter.php

Mama always lost at SCISSORS, PAPER, STONE, but surely there are better ways to takes decisions on the family budget
Mama Europe has some allies, like the Netherlands, Sweden, Denmark, Finland, Luxembourg, the Czech Republic and Poland. They are all very ascetic rational types with very low debt. But sadly they cannot come to her immediate help as, with the exception of the Dutch, Finns and Luxembourg, they are not Euro family members. Yet another reason why Mama Europe would rather not have Euro family meetings too often.

The EU family has good candidates to replace some of the EURO junkie kids. The Czechs won't be asking for too many cheques, unlike greasy Greece
http://www.economist.com/opinion/displaystory.cfm?story_id=13184594
There was a time when the Euro family was the star of the EU clan, and in fact, there was talk of the EURO famille moving out of the ancestral lands into better accommodation leaving the non-EURO bunch behind. But now that the EURO family is in trouble, the whole EU grand plan looks like the world seen through a very bad hangover after a night of serious excess.
May be we should ask the question of whether we should consider letting Morocco or Egypt into the EU. If the answer seems a complete and utter “NO WAY, JOSE”, as it rightly should be, then may be we should be asking what Greece and Portugal are doing inside the EU in the first place.

While an excellent appetizer, the taramasalata alone cannot replace prudent fiscal policies, let alone a functioning economy, come to think of it!
Greece and Portugal don’t have to leave the EU. After all the Greeks supposedly gave us culture, although the only culture in Greece to speak of at the moment is their delicious yogurt. And Portugal, well, I don’t know what exactly what it is, or does for that matter. But Papa and Mama Euro may get on a lot better if some of their hopeless brood are kicked out to fend for themselves. There are better kids out there to adopt, like Poland and the Czecks. Yes, that would mean Greece and Portugal defaulting on their Euro debt obligations and being considered pariahs for a while, but at least the whole family won’t be declared bankrupt.
© Sameh El-Shahat 2009




















