"There is a crack in everything, that's how the light gets in"
(Leonard Cohen)
"Ignore all proffered rules and create your own, suitable for what you want to say"
(Michael Moorcock)
"Look for your own. Do not do what someone else could do as well as you. Do not say, do not write what someone else could say, could write as well as you. Care for nothing in yourself but what you feel exists nowhere else. And, out of yourself create, impatiently or patiently, the most irreplaceable of beings."
(Andre Gide)
"I want my place, my own place, my true place in the world, my proper sphere, my thing which Nature intended me to perform when she fashioned me thus awry, and which I have vainly sought all my life-time."
(Nathaniel Hawthorne)
“A book must be the axe for the frozen sea within us.”
(Franz Kafka)
"All mankind is of one author, and is one volume; when one man dies, one chapter is not torn out of the book, but translated into a better language; and every chapter must be so translated"
(John Donne)
“Never attribute to malice that which is adequately explained by stupidity.”
(Robert J. Hanlon)
"Life is beautiful, but the world is hell"
(Harold Pinter)

Friday, April 13, 2012

Expect the Unexpected



EXTRACTFor the last few weeks we have been led to believe that the euro zone crisis is all but over. Thanks to the second Greek bailout, the dishing out of €1 trillion in cheap loans to distressed banks by the European Central Bank and economic recovery in the United States, there was now a bright light at the end of the tunnel. Everyone could breathe a sigh of relief.
But this has proved to be a self-serving fantasy. As the May 6 Greek elections approach, there is a distinct possibility that the Greek people will elect a parliament that will reject the bailout terms imposed by the European Commission, the European Central Bank and International Monetary Fund troika. Raising the spectre again of a default. No wonder that some within the European Union bureaucracy wanted to indefinitely postpone the elections - you never get the right result. Meanwhile, the US jobs market has stalled and all the ECB’s Long Term Refinancing Operation (LTRO) did was slap a piece of sticking plaster on the euro zone’s open wound - which continued to fester. The crisis never went away.

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