The World will not fall back into a recession

04:45 AM May 08, 2012
ROME – Several candidates opposed to austerity measures were making a strong showing yesterday in early projections from Italy’s local elections – the first nationwide test for Premier Mario Monti since he was named to save Italy from its debt crisis.
In Germany, a state election on Sunday could be an omen of worse to come for Chancellor Angela Merkel’s coalition.
Analysts in Italy were watching for signs of voter anger over austerity measures and towards mainstream parties that have supported them since Mr Monti took over from Mr Silvio Berlusconi in November.
Candidates for Mayor in Parma and in Genoa, who galvanised discontent with mainstream politics, appeared to gain enough votes to force a run-off, projections showed. The Mayor of Verona, whose Northern League party has strongly opposed a new housing tax, appeared headed to a first-round victory.
In Germany, voters in the northernmost state of Schleswig-Holstein appeared to have ousted their centre-right government made up of Ms Merkel’s conservatives and the pro-business Free Democrats, according to exit polls released by local broadcasters.
Although Ms Merkel’s Christian Democrats emerged as the strongest party in Sunday’s election, winning 30.5 per cent of the vote, that would not be enough to remain in power in the state with the Free Democrats, which slid from 14.9 per cent to 8.2 per cent.
The opposition Social Democrats gained about 4.5 per cent and secured 30.1 per cent of the vote, the Greens stood at about 13 per cent, followed by the Pirates with 8 per cent. It remains unclear which party will be able to form a coalition government.
The outcome of the vote was being viewed as setting the tone for next week’s election in Germany’s most populous state, North Rhine-Westphalia. It was also seen as a foreshadowing of things to come when Ms Merkel’s coalition is put to the test in elections next year. Agencies


LONDON – Prime Minister David Cameron said today that the coalition government must “focus on what matters” in the wake of dismal local election results for his Conservative party.
Mr Cameron said his party cannot use “familiar excuses”, such as low turnout and economic downturn, for the dip in its popularity.
“I get the message, loud and clear. I know that the familiar excuses aren’t enough,” Mr Cameron said in an interview with the Daily Telegraph.
Voters punished the government’s leading coalition partner, for unpopular austerity measures that failed to avert a double-dip recession.
“The message people are sending is this: focus on what matters, deliver what you promise – and prove yourself in the process. I get it.”
Mr Cameron said the government must not be seen as a “bunch of accountants,” but must encourage the “strivers, the battlers, the people with aspiration” and stop their lives becoming a “daily grind”.
The re-election of Boris Johnson in the London mayoral race softened the blow, but there was no mistaking the message from voters to the Conservatives and their Liberal Democrat coalition partners.
“People want to know that we’re not just a bunch of accountants trying to turn around the British economy like it is a failing company, but that we are resolutely on their side as we do this vital work,” said Mr Cameron. REUTERS

The work is done, there is only progress ahead, nothing will change what God has decreed, there is nothing no-one does that will change the outcome in 2012, everything has been predicted, even if France and Greece were to exit the Euro, all risks has been taken into account, everything will be on autopilot, the economies of US, China and Asia will recover and pull up the EU, everything will be cast in iron very soon, before the end of 2012.
Don’t take my words for it, watch how the public respond to Facebook IPO and you can relate to the “real investor’s sentiments”.
– Contributed by Oogle.