Showing posts with label Financial Times. Show all posts
Showing posts with label Financial Times. Show all posts

Saturday, September 6, 2008

PIGS or CANDIES

In the last couple of posts, I have managed to draw criticism (to say it mildly) from all parts of the spectrum: Catalan nationalists, Spanish nationalists, the Anglo world, generally amused by the irrelevant fights between Catalans and Spaniards, taking sides as though this were a soccer match being watched sitting in the couch, drinking beer and eating popcorn, but jumping as grasshoppers when someone dares to criticize them a little bit.
So far, the only ones who did not call me names have been the Swedish, let’s see for how long.

I do not know whether you read an article in the Financial Times called PIGS in the muck. The pejorative acronym PIGS used by the Financial Times refers to the countries Portugal, Italy, Greece and Spain. The article has some merit, but, once again shows the total lack of respect of the Anglo world for those countries and territories below the virtual Pyrenees (with the exception of Gibraltar).
Despite the cheap shots, I agree with the substance of the article, the fact that the economies of those 4 countries have grown out of speculation: “wages rose, debt levels ballooned, as did house prices and consumption”. The foundations of those economies are weak and a recession would hit those countries much harder, especially Spain, as the FT points out. Let’s not forget that unemployment in Spain will very soon reach the 11% mark.

When attacked, I normally side with Spain, but I would like to do it out of juxtaposition and friendship, not out of inclusion and submission. The truth is that I do not want my country, Catalonia, to be part of the PIGS. I want Catalonia to be one of the CANDIES (Catalonia, Austria, Netherlands, Denmark, Ireland, Euskadi and Sweden), small countries with strong economic fundamentals, with diversified economies, with real added value activities, with outstanding education systems and international focus.
Catalonia has all the ingredients to be one of the CANDIES, but the fact that Catalonia is part of Spain and has limited control of its policies and resources makes it impossible (together with the fact that the Catalan politicians are totally inept).

In one of my next posts, however, I plan to theorize about those grandiose countries which, for a variety of reasons, believe that they are the center of the universe, France, UK, China, Korea and USA, also known as, FUCK-U (as first described in the LT, the Llorens Times).