Eurozone pain

This is a very simple way article on the Eurozone woes.  Click on the link for the rest of the article and the 230 comments at time of writing.

Eurozone crisis: We’re all dooomed! Here’s why

By Tim WorstallGet more from this author

Posted in Government, 10th November 2011 16:39 GMT

Analysis Quite what is actually happening over the Eurozone I can’t actually tell you: it’s not that things change too fast to write about them, it’s that things change to fast to read about them. Berlusconi still PM? Italian bond yields over or under 7 per cent? That changes as often and as fast as Berlusconi does condoms. France to go bust or not? Greece still bust?

However, what I can give you is a quick guide to what will solve the problem.

Nothing.

Well, nothing that’s actually possible or legal, anyway.

We’ve two different things going on here: insolvency and illiquidity. Insolvency is Greece: they’re bust, that’s all there is to it. It just doesn’t matter how much austerity (read, firing people) Greece does, how heavy they get with tax evaders and the structural changes they make. They simply cannot pay the debts they already have. They’re as bust as someone on £10k a year with a £50k credit card bill.

Well, nothing that’s actually possible or legal, anyway.

We’ve two different things going on here: insolvency and illiquidity. Insolvency is Greece: they’re bust, that’s all there is to it. It just doesn’t matter how much austerity (read, firing people) Greece does, how heavy they get with tax evaders and the structural changes they make. They simply cannot pay the debts they already have. They’re as bust as someone on £10k a year with a £50k credit card bill. .. . .. … ..

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Car air-con

The car air-con gave up on Saturday.  I thought it was a fuze problem.  Nope fuze is ok.  May be its the relay.  Checked what I thought was the air-conditioner condenser relay.  Looks ok.  Turn the engine, the air con is back!  Hurray I thought.

Later in the evening it stopped working for good.  The next day, Sunday is a Public Holiday, so is Monday.  Have to endure 2 sweltering days driving with the windows down.  Reminds me of my childhood days on the old SBS  or Tractor Motor buses.

On Monday night, I managed to noodle the electrical diagram for the heating and cooling.  Turns out the blower motor is directly connected to the mains and ground.  There are a couple of resistors to adjust fan speed, basically thats it.  I know the electrical cabling is good, that means the bad news, the blower fan is dead.  More noodling, lots of people say it is a simple repair job.  Only problem is that I can’t remove the dash.  Sleep on it.

The next day I have given up and was going to drive to the agent to get it fixed.  Wait a minute, agent for a simple blower motor switch is simply not worth it.  More noodling and found a shop near the office.

Thank you Precision Auto Air-Conditioning for being light on the wallet, we now get cool air with our drive.

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