How long will this economic doom and gloom in Europe last? Since a bank collapsed in the US three years ago, politicians have been ranting on about a 'crisis'. Surely it is now time for governments to stop moaning on about the economy and take some positive action.
A real crisis is a short and sudden critical event with potentially devastating consequences. It is not something that drags on so long that it makes you yawn with utter boredom.
OK, so the Euro is in trouble. Greece was a little naughty and fiddled her accounts. But why did the rest of Europe make such a huge tragedy out of this? As former German Chancellor Helmut Schmidt pointed out, Greece has the economic weight of a single German state. So why all the agonizing from Merkel and co. over whether to bail Greece out or not?
The answer of course lies in winning political capital. The current 'crisis' is quite a handy little tool for our governments. First, they make us worry about losing our jobs, then they say they'll save us, if we go along with funding cuts to public services. 'We're all in this together!' - 'Hang on, austerity is quite good fun actually!'
At the same time, all attention to more serious issues such as improving healthcare, schemes for affordable housing, ensuring accessible top-quality university education let alone reducing world poverty, combating climate change and building good multi-lateral relations on a global level get conveniently swept under the proverbial carpet of crisis.
Sadly, the 'occupy' protest movement merely proves that plenty of people have been fooled into believing in the 'crisis'. And how does this affect the rest of us? We can't even clear our heads with a refreshing stroll in the park anymore!
