Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday 21 September 2012

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

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