Sunday, June 17, 2012

Greece You did not have the Guts to do what is needed and Exit Euro

Greek People

You have been all sold a lie. You would all be better off Exiting the Euro. That is the economic hard truth.

It is economically impossible for you to internally devalue and continue cutting wages. It has not worked in 2 years, so why did a slim majority vote for more of the same?

 The fear of the unknown is what held you back

Time will tell how long it will take for another election.

Given the slim majority I can not see how your political parties will reach agreement in the coming months.

I will continue reporting my views in the months to come.

Toby Chambers
Social Entrepreneur

Sunday, June 3, 2012

The Greek Crisis: Cyprus Seen Close to a Request for Bailout

The Greek Crisis: Cyprus Seen Close to a Request for Bailout

Is Social Media Impacting Political Decision Making ?

It would seem we now live in a world where the political class are constantly in a state of flux.

How many times in the past few years have we had policy decisions being rolled out only to have it unravel before our very eyes in days weeks and months. Pasty Tax, banking reform, resignation special advisers, B Sky B the list goes on.

Social Media is now playing a leading roll in Government decision making, influencing those key decisions that will impact on everday lives in so many ways.

Just on friday I learnt BIS (Business Innovation and Skills) monitors Twitter feeds and if they have 10 tweets with a monitored keyword within say 3 minutes span of each other, they will  investigate why there is potential interest in a subject keyword. Such monitoring of the public mood is now impacting on key policy decisions as governments are now becoming more reactionary to their decisions, having to typically back-track, once they gauge public mood is unfavourable.

Recently I have also noticed various stories on BBC news Website on Sunday being relegated from the home page reasonably quickly if public mood appears unfavourable. (I do not claim that this is intentional as I can appreciate, new, news stories are always moving through the system, but you do have to question the ability of the public to significantly influence the public mood and how the public can have more control over how a news story is interpreted by the majority of people.)

This is leading to early leaks of  government policy to gauge the public mood. This then leads to a Government that seems exceptionally weak as it flits from policy leak, to policy review, to policy roll out and then back to re-canting the policy as public mood moves and swings.

I put it to all of you, Governments are now paralyzed with the advent of Social Media and Good Government decision making is now not possible.

Please post a comment as it would be helpful to build a profile of what others think !

Toby Chambers
Economist
Social Activist
Social Entrepreneur

Friday, June 1, 2012

The Greek Crisis: History Offers Ugly Precedent for Greek Euro Exit

The Greek Crisis: History Offers Ugly Precedent for Greek Euro Exit

Greece Running out Money Doubts it can last until 17 June

Greece is running out of money. The big question can it even last to 17 June ?

Given the recent developments with DEPA now threatening to cut suppliers, the situation is getting worse day by day.

How much more can the Greeks stand ?

As the situation spirals out of control how can a Greek election on 17 June do much to resolve the situation ?

This is abosulte insanity.  While painful the quicker Greece exits the Euro the quicker there economy will recover.

Although huge write-downs for the banks are required.

Let the Banks suffer this time citizens stand up for your rights