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A song for europe…and cyprus | Brian M. Lucey
To some a song for Europe will always be Ted and Dougal…. but for the modern generation the superb Gavin Kostik has, following from his 10 Commandments, a new one.
There’s a hole in the system, dear Draghi, dear Draghi,
There’s a hole in the system, dear Draghi: a hole.
Then fill it dear Olli, dear Olli, dear Olli,
Then fill it dear Olli, dear Olli: fix it.
With what shall I fill it, dear Draghi, dear Draghi,
With what shall I fill it, dear Draghi: with what?
With taxes dear Olli, dear Olli, dear Olli,
With taxes dear Olli, dear Olli: try tax!
But the tax take is falling, dear Draghi, dear Draghi,
But the tax take is falling, dear Draghi: it falls!
Increase them dear Olli, dear Olli, dear Olli,
Increase them dear Olli, dear Olli: whack’em on!
But tax take falls more now, dear Draghi, dear Draghi,
But the tax falls more now, dear Draghi: it fell!
Squeeze the sovereigns, dear Olli, dear Olli, dear Olli,
Squeeze the sovereigns dear Olli, dear Olli: squeeze them!
But the sovereigns are bursting, they’re bursting, they’re bursting,
But the sovereigns are bursting, they’re bursting: some burst!
Try the savers, dear Olli, dear Olli, dear Olli,
Try the savers dear Olli, dear Olli: try them!
The hole just got bigger, got bigger, got bigger,
The hole just got bigger, got bigger: it grew!
Then the bondies, dear Olli, dear Olli, dear Olli,
If you must it’s the bondies, it’s the bondies: burn them!
Now the system is creaking, is creaking, is creaking,
Now the whole system is dear, dear Draghi: it creaks!
[female voice]
Inflate it dear Draghi, dear Draghi, dear Draghi,
Inflate the system it dear Draghi, dear Draghi: inflate!
But I don’t have a mandate dear Christine, dear Christine,
But I don’t have a mandate dear Christine: don’t ask!
Well then print it, dear Draghi, dear Draghi, dear Draghi,
Well then print it dear Draghi, dear Draghi: please print.
But we don’t have a printer, dear Christine, dear Christine,
We don’t have a printer, dear Christine: there’s no ink!
Well who make money, dear Draghi, dear Draghi?
Well who can make money, dear Draghi: who can?!
Well the banks are supposed to, dear Christine, dear Christine,
Well the banks are that system, the banks: that’s who!
[All together now]
But there’s a hole in the system, dear Draghi, dear Draghi,
There’s a hole in the system, dear Draghi – a hole!
The Ten Commandments of Eurozone Membership (for small states) | Brian M. Lucey
The quite wonderful Gavin Kostick of Fishamble Theatre has a comment on Irish Economy which is too good to linger there… It’s super.
And Draghi came down from the mountain with two tablets of stone.
(1) Thou shall love the god of the market. Thou shall have no other god before it.
(2) Thou shall have no other engraved image except the Euro. There shall be no other image on thy coin, for I run a jealous central bank
(3) Thou shall not take the name of the Euro in vain or speak slightingly thereof, for those who seek to destroy confidence will not be held guiltless.
(4) Thou shall work all of the days, excepting none, for this is the will of the free market. And you shall remember that you are a debt slave as you once were in Egypt.
(5) Honour Germany and France and the contract they made in their betrothal at the altar of the European Coal and Steel Community: for these are your mother and father to whom you must be obedient.
(6) Thou shalt not kill the bondholders.
(7) Thou shalt not commit adultery with other nations, neither the Russians nor the Chinese, nor any other nation against which we set our face.
(8) Thou shalt not steal deposits with high interest, low tax or any other wiles against which we set our face.
(9) Thou shalt not falsely accuse the ECB of running a tyranny, or threatening to implode your banks, being subservient to German interest, nor any other false witness against them.
(10) Thou shalt not covet a living possessed by your neighbours, but rejoice in the purification of your impoverishment.
via The Ten Commandments of Eurozone Membership (for small states) | Brian M. Lucey.
via The Ten Commandments of Eurozone Membership (for small states) | Brian M. Lucey.
