EU better believe it!

The circus comes to town on 1st January, 2012. And for six months the contortionists of Euroland will have to listen to little Denmark’s opinions – willy nilly. Which makes the chosen logo particularly apt – because nobody here knows whether they are coming or going. (Backside and I may be the only onlookers who understand the dilemma.)

You see, Denmark is in the EU, but not the Euro, except that the Krone is pegged within 2-odd per cent. But this week lots of investors are buying Kroner, so the Danish National Bank has tried to dissuade them by lowering its rates below Frankfurt’s. Next it will have to print money to stop the Krone getting any stronger. Exports are dying here, but what to do? There’s talk of negative rates in January!

Meanwhile Gucci Helle, our fragrant PM, is apologising for not implementing any of the social schemes she promised to get elected. Because there isn’t any cash. Which she knew but failed to mention! Oh dear. She’s also signing up for the new EU pact – meaning that her next budget will be set by Angela and will be unattainable, given Helle’s propensity for shopping, both nationally and privately.

Anyhow! She’s in the limelight for 6 months, which will fulfil her ambition to be seen and heard. Whether anybody takes any notice whatsoever remains to be seen.