Tagged: Empty talk

Indian Politicians: Big Dreams, Big Talk but Snail Walk

nvs | 17/08/2010
Article first published as Indian Politicians: Big Dreams, Big Talk but Snail Walk on Technorati.

Politicians are unique themselves. Indian politicians are more unique, one can say confidently. From the perspective of Indian people they talk big, they promise generously, they seem to dream colourfully and finally they deliver minutely or almost nothing. From their own point of view, they talk less, there is no need to promise, they dream in all possible colours, they eat whatever rot available on this earth and finally they build large accounts oversees. If they want to fulfill what they talk, dream and promise for the people they can’t fulfill what they desire for themselves.

Nehru’s Era

We can look over generations of politicians since 1947 i.e. when India achieved so called independence. Jawaharlal Nehru, the first Prime Minister of India talked and promised in a big way to install ‘Socialistic Pattern of Society’ in India exploitative feudal and capitalist society under his leadership. Even so called communists forgot their very task of bringing socialist society and kept their full faith in Nehru. What happened? Nothing is here.

Exploitation expanded vertically as well as horizontally by multifold. So called modern temples were built to accumulate capital for capital-dearth Indian capitalists, under Nehru’s stewardship. As he couldn’t ignore the damn fact of socialist societies in China and Russia, and as he couldn’t stop the Indian masses from dreaming about Indian socialist society getting inspiration from China and Russia, he successfully kept even communists away from socialist dreams by building public sector. Public sector created a new class of dictatorial bureaucrats who accumulated billions of wealth in overseas’ banks at the cost of public money. And the colonial era continued in another form. Now Indian rulers can choose their colonial bosses at their free will as a result of Independence. It is Independence to choose the boss but not to build our own country.

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Merkel Vows Faster Greek Aid as Spain Shows Contagion

Bloomberg | April 28, 2010 | 13:12 EDT

German Chancellor Angela Merkel and the International Monetary Fund pledged to step up efforts to overcome the Greek fiscal crisis as Standard & Poor’s downgraded Spain and investors sold bonds in Europe’s most indebted nations. “It’s completely clear that the negotiations between the Greek government, the European Commission and the IMF need to be sped up now,” Merkel said in Berlin today. Flanked by IMF Managing Director Dominique Strauss-Kahn, she said the “stability of the euro zone” was at stake if a 45 billion-euro ($59 billion) loan package for Greece can’t be delivered fast. A failure by policy makers to match such talk with action has fanned concern that the crisis will spread beyond Greece. Merkel has delayed German approval of loans in the face of voters’ opposition and S&P today cut Spain’s credit rating, a day after it dropped Greece to junk status and downgraded Portugal. The euro fell to the lowest in a year. “The hesitant and haphazard reaction of euro-zone policymakers to Greece’s predicament underscores the dangers of contagion,” said Marco Annunziata, chief economist at UniCredit Group in London. “The euro-zone has taken over six months to react and is allowing uncertainty to persist. This does not bode well for their ability to react quickly should a second flashpoint burst.”

Need for Action

Speaking in Berlin, European Central Bank President Jean- Claude Trichet said the stability of the “euro zone is impacted” by the delays in delivering the Greek aid, “underscoring the need for action.” Strauss-Kahn told reporters that “every day that is lost is a day where a situation is getting worse and worse.” European stocks and bonds rallied earlier after a German lawmaker stoked speculation that Greece would get as much as 120 billion euros from the EU and the IMF, only for the Spanish downgrade to dash that optimism. The euro dropped 0.2 percent to $1.3143 and Spain’s IBEX 35 Index plunged 3 percent to 10,167 points, the lowest in two months. The yields on Spanish, Greek, Portuguese and Italian 10- year bonds rose. Spain had its credit rating cut one  

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