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Articles for 2 Jan 18

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First Tuesday Current Affairs Forum
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News Reviews from 2011

Will the Euro Survive?

Will the Euro Survive? (Oct 2011)

by John Hutchinson


The storm clouds have gathered over the summer over the future of the Euro and the Euro-zone as one epicentre of the continuing global financial crisis.


We have George Osborne, the Chancellor of the Exchequer, making a recent declaration that there are only six weeks to save the Euro with his mind on the G20 summit in November.

 

In this discussion, we will attempt to unravel some of the complexities of the Euro. First, it is necessary to recap some of the history. The whole European project was forged out of the destruction and chaos of the Second World War. Whatever the economic outcomes of the current crisis, there is a fundamental, enduring commitment to European political union, particularly from founder members such as France and Germany, in terms of ensuring the peace, stability and economic integration of both the Eurozone’s 17 member states and the 27 nations of the EU.

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News Reviews from 2011

Oslo Bomb Blast

Norway Massacre (Aug 2011)

by Mark Iddon


On Friday 22nd July at 3.25pm Anders Behring Breivik aged 32, a lone UK born Norwegian, parked his rented Volkswaggon Crafter outside the prime minister’s office in Oslo and detonated a half a ton fertiliser bomb. It killed 8 people, caused a blast which damaged buildings within a radius of several hundred yards and could be heard up to a mile away. Two and a half hours earlier he had posted a farewell message in his diary along with a 1500 page manifesto stating his grudge against Norwegian liberalism and a multiculturalist agenda.

 

After detonating the murderous device, and under the cover of the chaos and devastation, he drove 40 miles to the East Coast to took a ferry to the island of Utoya with his weaponry in a holdall whilst dressed in a police uniform. He then went on an 80 minute killing spree shooting children and teenagers, at close range, who were attending an annual summer camp of the ruling centre right party. 

 

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News Reviews from 2011


Financial CrisisGlobal Financial Crisis (Aug 2011)

by John Hutchinson

 

We are all familiar with the sequence of events of the financial crisis popularly known as “the credit crunch” which developed in 2007-8. This reached a climax in September and October 2008, symbolised by the collapse of Northern Rock, the demise of Lehman Brothers, the enforced nationalisation of RBS and HBOS and the bankruptcy of Iceland.

 

However, is this financial crisis over? Have we now moved into a second much more dangerous phase which has two significant points of focus? On the one hand, the banking crisis of toxic mortgages and esoteric financial derivatives (which not even the banks themselves understood) has given way to a sovereign debt crisis. Greece, Ireland and Portugal have all been forced to go cap in hand to the European bank and negotiate and renegotiate bail-outs of their insolvent banking systems. The contagion is threatening to spread to Italy and Spain and drag the whole Eurozone down under the weight of debt, even the industrial powerhouse of Germany.

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News Reviews from 2011

The royal marriage and the media

Royal marriage and the media (Apr 2011)

by Dave Porter

 

The house of Windsor is a divided house. At least as far as the press is concerned, that is.

 

In typically irrational and schizoid fashion, the media has of late served up a royal villain – Prince Andrew, or HBH (His Buffoon Highness) – and a royal model couple, William and Kate side by side.

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News Reviews from 2011

Eddie Izzard says Yes to AV

Alternative Voting won't help democracy (Apr 2011)

by Simon Belt

 

The official 'About my vote' website helpfully explains the elections taking place 05 May on the voting system with a video cartoon featuring Victor the Vote Counter. Having worked with civil servamts like Victor, responsible for election counting nights, and having also been on the candidate's side of the counting table at a couple of counts, I appreciate the importance of The Count.

 

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