Europe crisis- Bad mood all around
The fact that I have been roaming around Europe for quite some time has suddenly made me a sort of an expert on Europe amongst my friends. More than one friend of mine has contacted me asking me about how the recession is affecting the Euro. I have even been asked to state my opinion about whether Euro will survive the recession and continue to be used as the common currency for the European Union.
Well, I do not know much about the technical matters but I have noticed a drastic change in the level of optimism shown by people towards money matters. More and more people are complaining about the costs of running their business when hosting and entertaining me. Some persons have simply refused to accept me as a guest because they do not feel confident that I will pay their dues on time.
Of course, I have adequate cash in hand and am confident of meeting all my expenses without any complications. However, the situation has become so bad that people are no longer interested in dealing with anything or anything or anybody remotely resembling a bad debt.
On the other hand, I have visited some individuals and service providers who have shown desperate relief at the fact that I have utilized their services. These individuals are so short of cash that they are desperate to earn money using any and every possible option. In such a scenario, the two extremes clearly indicate that something is drastically wrong with the economy as a whole. A fuel transporter who was not in a position to pay the standard fuel tank hire charges said it well when he complained about the fact that that I was in a position to afford a holiday when others are not in a position to afford their basic expenses.
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