Turning his spoon in his espresso, the well-versed friend of mine, to whom I had asked some illumination on the present crisis, looked at me rather desolately and said: perhaps we'll get through this, perhaps not. I pointed out to him that in that case it was just as well to ask the bartender's opinion. He laughed and then affirmed: "The economy, above all the economy of finance, has become an entity so immeasurable that to govern it has become little more than a bet. I don't know if we will ever again be able to keep it under control."
I reflected. Those were more or less my thoughts - and anguish - when I was a kid and ruminated over the atomic bomb and chain reactions. It's something that man has conceptualized and conjured, and which now risks to overwhelm him, like in the archetypal story of the apprentice wizards that become warlocks. The technocrat solution (Monti's government) perhaps provides just a modicum of hope that there still exists a margin of intervention and control. But at three years since the flop of 2008, when everybody said "we need to change the rules" and nothing was changed, the sensation of being at the mercy of processes that tower over, not only everyday Joe on the streets, but also the ministry buildings of every rank and status, is always stronger. And it's not pleasant.
According to recent reports there already exists a Plan B from the US to England, from Japan to Hong Kong, as emergency measures in regards to the end of the EU common currency. Even if no such plan exists within the European chancelleries.
For the colossal credit managers of Citygroup, Merill Lynch, the Royal Bank of Scotland "the Euro is already finished.”
I reflected. Those were more or less my thoughts - and anguish - when I was a kid and ruminated over the atomic bomb and chain reactions. It's something that man has conceptualized and conjured, and which now risks to overwhelm him, like in the archetypal story of the apprentice wizards that become warlocks. The technocrat solution (Monti's government) perhaps provides just a modicum of hope that there still exists a margin of intervention and control. But at three years since the flop of 2008, when everybody said "we need to change the rules" and nothing was changed, the sensation of being at the mercy of processes that tower over, not only everyday Joe on the streets, but also the ministry buildings of every rank and status, is always stronger. And it's not pleasant.
According to recent reports there already exists a Plan B from the US to England, from Japan to Hong Kong, as emergency measures in regards to the end of the EU common currency. Even if no such plan exists within the European chancelleries.
For the colossal credit managers of Citygroup, Merill Lynch, the Royal Bank of Scotland "the Euro is already finished.”