As the British pound continues downward relative to foreign currencies and the nation’s banks continue sucking up taxpayer money, nationalization seems to be on the horizon. Britain’s economy has been contracting at alarming levels, and the pound has gone down with it — down almost 30 percent against the U.S. dollar from last year to about 1.35.
When Tony Blair was still prime minister, a peaceful protest march surprised both media and government in England as it drew huge, sympathetic crowds of disenfranchised and disillusioned citizens. Most were there to express the sentiment displayed on their signs, the clearly felt loss of their basic right to self-defense as British citizens, owing to the country's restrictive gun-control laws, and in large part the loss of their unique English heritage, and along with it, the very culture of their people.
Labor-market regulations and high taxes associated with hiring workers typically lead to high unemployment figures. Not least was this the case in many European nations before reforms began being implemented during the middle of the '80s and onward.
On January 1, 2009, Slovakia became the first former Soviet-bloc country to adopt the Euro as its national currency. Once the "-slovakia" in "Czechoslovakia," Slovakia, already a member of the European Union, became the 16th nation to join the "Eurozone" on New Year's Day. Its currency, the koruna, will be negotiable only until January 16, at which time the Euro will become the sole national currency.