Wednesday, 14 December 2011

On the Political Trend...

"Nobody familiar with Europe’s history can look at this resurgence of hostility without feeling a shiver. Yet there may be worse things happening.

Right-wing populists are on the rise from Austria, where the Freedom Party (whose leader used to have neo-Nazi connections) runs neck-and-neck in the polls with established parties, to Finland, where the anti-immigrant True Finns party had a strong electoral showing last April.

And these are rich countries whose economies have held up fairly well. Matters look even more ominous in the poorer nations of Central and Eastern Europe
.", Krugman, NY times, December 2011


Just wondering when the economy start to drastically slowdown and unemployment rising, what would be the outcome?

By the way, Mr Krugman made a mistake in this article as now we know then as "The Finns" and not as "True Finns"...

In societies, where physical borders are slowly disappearing (taken over by virtual communities i.e Facebook, internet in general ), and where societies are more mix of different nationalities and religion - it is odd to still think that we can live in silo with "True citizen"...

Also refer to this article to see the very worrying development in Eastern Europe.

2 comments:

Anonymous said...

A little more pressure on the brakes of housing price costs. Finnish banks are expected to raise the margin (above the Eurobor rate) they charge for home loans.

"At the moment, OP-Pohjola offers the cheapest mortgage -- with margins just under 0.8 percent on top of the Euribor lending rate. At Sampo and Nordea this bank-specific marginal interest rate is around one percent, and is likely to hit 1.5 percent by the time the weather warms up. "
http://www.yle.fi/uutiset/news/2011/12/home_buyers_brace_for_rate_hike_3106145.html


"IC"

Freight Forwarders said...

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