memoirs, art and fragments by Thomas Milner

Posts tagged ‘euro-zone’

Crisis, what crisis?

The Domino Effect

 

Back in 2010, the euro-zone members and the International Monetary Fund agreed to a 100 billion euro bailout package to help Greece.  In return for this, the Greek government planned tax increases and deep cuts in pensions and public service pay.  It is reported that Greece has not implemented the planned changes. Therefore, the need for obligatory terms is under greater demand.

Because of the falling euro and as a result of the financial crisis the other weak members of the euro-zone were faced with the inability to repay their debts.  In November of 2010, the EU and IMF agreed to an 85 billion euro bailout package to the Republic of Ireland, followed by a May 2011 bailout of 78 billion to Portugal.  In July of 2011, a second bailout package of 109 billion euros was agreed to for Greece.

Due to increased fear that any of these countries could default on their public debts, Portugal, Ireland, Italy, Greece and Spain were been given the unfortunate acronym of PIIGS.

Oh crumbs

Oh crickey

Oh cripes

That crisis!

Colour of eyes: hazel

Only a doting and fanciful mother could fill in a passport application for her son: Colour of eyes – hazel. One can understand what her thinking was: colour of eyes, well they’re not blue, not green nor are they grey or brown, I know – hazel. (i.e. mud)

My first passport was to go away to school in England when I was nine years old.

How vulnerable young Master Thomas looks with his unknowing eyes (colour: hazel)

Little does he know what lies in store for him …

We next find our hero embarking on his African adventure. Note the de rigueur well-thumbed look

And the Beatles haircut

The Algerian Immigration Authorities in those days had a neat system: entry to the country was free but you had to pay to get the hell out!

All that bureaucracy just to go on a couple of weeks leave.

Getting this work permit cost an arm and a leg too. It was the classic Catch 22 situation – you had to have une Carte de Residence to get your Permit de Travail but you couldn’t get a job until your were a resident in the country (or something like that).

Not an Arabic reader? All is explained when you open it up.

Notice how they had to rubber-stamp each page Take that! And that! And that! (And when they went home at the end of the day and their wives said to them after dinner: um … I’m tired … think I’ll get an early night … how about you, honey? they go no, you go on up, hon, I’ve still got a bit of rubber-stamping to get through … and wife flounces out of the room thinking wish he’d come up and rubber-stamp me for a change!

While I was flicking through this passport a bunch of Algerian banknotes fell out:

I like the gazelle

The desert dude is cool and I like the pink but the design is a tad tasteless, don’t you think?

Now this green one with the herd of goats trotting along has a certain retro-chic

and the back of it with that rather bizzare couple on that tractor thingy was one of the designer’s less happy attempts. So to sum up; quaint – yes, De La Roux – no.

I must gone through fairly hazy phase in my life because I failed to renew that passport, so the next one has a make-shift temporary air, a gotta-get-it-together-because-I-just-remembered-I-gonna-go-abroad-next-vacation look about it:

note the hippy look.

Next ‘ole hazel eyes finds himself in Lisbon:

I remember that photo; we were all advised to get about a dozen taken for work permits, metro passes etc; it was taken in a small booth half-way up the Rua d’Ouro on hot afternoon in October.

Then the new look, the EU look, the cheap and nasty look:

Welcome the age of cheap plastic, of easy money, welcome to the Euro-Zone.

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