Despite overcast skies and intermittent rain, the Big Bash Derby between Melbourne Renegades and Melbourne Stars on New Year's Day attracted more than 71,000 spectators - down on last year's 80,000 crowd, given the conditions, but still an attendance figure that marketing directors in England can only dream about.
Greece has been adopted as a cause célèbre by Eurosceptics who have portrayed the debt situation as an example of EU and ECB bullying, an assault on democracy and the Greek people... Yet this approach is fraught with danger, especially here in the UK when a referendum is so close.
The misery of austerity suffered by the people will be prolonged, and will cascade onto future generations. Greece's sovereignty and independence are being sacrificed for what?
What kind of system have we created where our elite inflict austerity on ordinary people that causes misery and suffering to millions, while financiers and gamblers of financial markets enjoy such a bonanza of riches? The mind boggles.
Spring brought a burst of sunshine over the eurozone economy. The French economy expanded rapidly in the first quarter of 2015 and even the Italian one managed respectable growth. Fiscal policy is no longer contractionary across the eurozone as a whole. Cheaper oil is boosting consumption. A weaker euro is boosting exports. And the ECB's quantitative easing appears to be working: money supply growth is picking up, suggesting deflationary pressures are easing.
European finance ministers reacted angrily, it was reported, to what they perceived to be Greek intransigence during their
Without a deal between Athens and Brussels and the IMF on economic reforms and repayments of loans within the next couple of months a Grexit or Graccident would be the most extreme outcome. We cannot rule out that the parties will fail to find a solution seeing as how the Greeks are dawdling and in the light of the harsh words uttered by, among others, Germany.
How to you set about reforming the role of the European Central Bank? Wear a t-shirt with a logo and throw some paper in
The humiliation of Greece by foreign politicians and unelected bodies, dictating what Greece must do regardless of what harm it causes its people, must be too much to bear in a country that gave the world the concept of democracy.
The UK consumer can look forward to further downward pressure on retail prices and this should lead to another increase in consumer spending. However, if the imbalances in the UK economy are to be addressed, British manufacturers urgently need to invest in order to increase productivity, which remains weak...