GOING THE PIGS WAY ?

Where PIGS stands for Portugal, Italy, Greece and Spain

Is India too going PIGS way to financial bankruptcy ?

It is very likely , if we keep on ,

·       Rejecting financial reforms

·       Living beyond our means

·       Spending more than what we earn

·       Borrowing from the World

·       Printing currency notes

·       Sacrificing tomorrow for today’s sake

  

PIGS countries did precisely this – and for years

Now , they have no one to bail them out !

Germany / France / European Central Bank are dictating them to,

  

·       Eat / drink / wear less ( preferably, live on air )

·       Work longer hours on lesser salaries

·       Give up pension benefits

·       Retire late

·       Sell their infrastructure to China

·       Support their 25 year old jobless children

·       Get their National Budgets pre-approved by ECB

  

If UPA-2 rolls back price rise in diesel / LPG and withdraw FDI in retail , we too , will go the PIGS way !

Sure, UPA-2 government should go , but not for economic reforms

It must be thrown out for Coal-gate , 2G , CWG , endless scams

  

Hemen  Parekh