Quizzes & Puzzles1 min ago
Tsk, Tsk Poor Euro ?
Stamping their feet till they get what they want because they were so slow out of the torsos
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Answers
" we will use every tool at our disposal to block the exports going to those that have vaccinated more that the rest of Europe" Which sums up the attitude of our "Friends in Europe" perfectly. Since, because of their ineptitude, they cannot catch up with the best, the best must be reduced to the level of the worst (them). Their recent suspension of the AZ vaccine...
20:28 Wed 17th Mar 2021
//I wonder if the boot was on the other foot, though, and we had not had the orders we were promised, despite maintaining exports, would we have been cross?//
They were not promised them. I've read the relevant parts of the AZ/EU contract and it made no promises and no contractual quantities or dates were itemised. It simply mentions "best efforts".
The reason the EU is short of vaccines is because, in its usual inimitable fashion, it prevaricated, argued over the price and overburdened the approval and purchase process with its ridiculous levels of bureaucracy. The worst thing EU nations did was to pass responsibility for procurement to the EU. Now, to put right their disastrous errors they are considering requisitioning or sequestrating goods made by a commercial company. They are not theirs to seize.
It's OK the behave the way they did when arguing over the supply of beetroot. It's not OK when health and lives are at stake. I have many friends on the Continent and they are tearing their hair out at the lunacy and ineptitude of it all. It should serve as a timely reminder to all of them that their interests are not best served by their nations' membership of the EU.
They were not promised them. I've read the relevant parts of the AZ/EU contract and it made no promises and no contractual quantities or dates were itemised. It simply mentions "best efforts".
The reason the EU is short of vaccines is because, in its usual inimitable fashion, it prevaricated, argued over the price and overburdened the approval and purchase process with its ridiculous levels of bureaucracy. The worst thing EU nations did was to pass responsibility for procurement to the EU. Now, to put right their disastrous errors they are considering requisitioning or sequestrating goods made by a commercial company. They are not theirs to seize.
It's OK the behave the way they did when arguing over the supply of beetroot. It's not OK when health and lives are at stake. I have many friends on the Continent and they are tearing their hair out at the lunacy and ineptitude of it all. It should serve as a timely reminder to all of them that their interests are not best served by their nations' membership of the EU.
NJ I’m not here to defend the EU’s handling of vaccines which has been very poor indeed.
That doesn’t mean they are not within their either to restrict exports. Of course the original move they made to interfere with the import arrangements for the UK (fearing in theory that the vaccine would arrive via the back door ie the Irish border) - was ridiculous end indeed pointless. But at least they themselves acknowledged that and there has been a very honest admission that the EU has not been best suited for this sort of planning. Of course there’s been nothing to stop EU members countries making their own arrangements and never has been.
That doesn’t mean they are not within their either to restrict exports. Of course the original move they made to interfere with the import arrangements for the UK (fearing in theory that the vaccine would arrive via the back door ie the Irish border) - was ridiculous end indeed pointless. But at least they themselves acknowledged that and there has been a very honest admission that the EU has not been best suited for this sort of planning. Of course there’s been nothing to stop EU members countries making their own arrangements and never has been.
I should think that their failure to handle this crisis will soon be the least of their worries. The latest sounds coming from the finance sector is that the Euro is in the doodah big time and likely to be worse than the crisis in 2010 when a decade of incompetence and spiralling debt brought the single currency to the edge of collapse. Financial experts fear that the health crisis will soon unravel into a financial crisis as well, due to Brussels' mishandling of the vaccine rollout. What with trashing property rights, and arbitrarily seizing vaccine production plants, which alone will make it virtually impossible for multi-nationals to invest in the zone, borrowing will soar within the bloc to finance and placate a restless populace into acceptance of lockdowns, and tax revenue falling off a cliff with spiralling deficit costs to finance. Investors in the bloc are likely to run a mile and the rest of the World, the UK included, will be open for business and hungry for results.
Togo 21.40 ... I've been reading about this today. Money is flooding out of the EU, it appears. I am really rubbish at money but 1 daughter is a chartered I.F.A. so I've tried to read the financial pages. One small headline reads 'Capital outflows from the eurozone reached half a trillion euros' and the accompanying graph shows a steep decline in investment. Doesn't sound good.
I have been watching it for a week or so now Jordain and it is becoming more obvious that whenever the market there takes another hit then the "political" statements and announcements are headlined by the "official press outlets". They will not be able to hide it for ever. We were the fruit machine that paid out for them every time they pulled the lever. The British politicians who went along with the scam should be rounded up and shot.
Lady Jane - it appears that some vital lipid constituent is made in Staithes (N. Yorks.) which was formerly best known for it's school of Art - of which Owen Bowen (whose work I collect when I'm flush and have saved up for a year or 2). It's a picturesque little place and is probably saying 'Eh? What?' as it finds itself a pivotal centre of a power battle. :)
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