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