Overall the future for
the Eurozone nations seems bleak till the end of 2013 and all of them
will have to follow a very stringent austerity-at-home policy to come
out of this quagmire.
The Eurozone and the European Central
Bank are now dealing with the ?PIGS? crisis. Portugal, Ireland,
Greece and Spain for years, have been able to incur debts in a
currency that was much stronger, at a much lower borrowing costs,
than the old national ones. Bond markets have picked on Greece,
punishing her for running up a budget deficit equal to 12.7% of GDP.
Now their focus is on other indebted countries in the Eurozone.
There has been confusion about fiscal
responsibility ever since the euro was created. Now with the bill
falling due, it is a chance to set the record straight. Either they
implement tough austerity measures subjecting their economies to
savage recessions, or they can quit the euro and introduce a new
currency. Either way, the outlook is grim. Equity and currency
markets are jittery as central bankers seek a lasting solution.
It's a crisis, no doubt. At such a
crucial juncture, Ganesha peers at the stars and tries to demystify
the fate of the nations involved.
A look at the horoscope
shows that the houses related to finance, their Lords and the
aspecting planets all are not in favour of Portugal.
The time period between
24/11/2011 to 15/03/2012 is critical for Portugal. There may be a
major crisis with problems cropping up from the national savings
front, cash flow front and economical growth front. Again during the
time between 11/10/2012 to 04/12/2012 it will be beseiged by
problems. There are chances of strained relations with neighbouring
countries leading to reduced financial help, chances of natural
calamities like earth quakes and epidemics leading to an increased
death rate. However specifically during the time period between
08/11/2011 to 10/02/2012 will bring in some respite from the
miseries. The populace will be in support of the nation and if the
country strives really hard, they stand a chance of coming out of
The nation chart of Ireland
is very sound, however as Saturn is retrograde, hence development are
bound to be slightly slow.
The financial troubles
started brewing for Ireland since 31/04/2008, when Rahu entered
Capricorn. The transits of malefics causes severe constraints in the
financial inflow of funds, increase in the national indebtedness,
reduction in gains. However the silver lining in the dark cloud is,
there is a small window which may bring in fresh influx of money
through education and speculation bringing some respite for the beleaguered nation. Summing it up, Ganesha says that the troubles for
Ireland are far from being over as there are more dark clouds looming
over the horizon.
A look at the horoscope
shows that the ascendant and its lord, houses related to finance,
their Lords and the aspecting planets all are not much in favour of
Greece. The neighbouring and friendly nations won't be very
supportive. However from 09/05/2011 till 18/05/2012, there is a
window of strong support, specifically monetary support. But till
the end of 2012, the GDP will be sluggish, the yield from
petrochemicals, auto industry, infrastructure industry, agriculture,
mining industry will be less. The national leader will assailed by
problems. Greece will have to maintain very adjusting attitude with
financial partner countries, focus on speculation to get out of this
Spain's problems started from
13/102006 when Rahu entered Aquarius. It assailed Spain's finances
initially for one and a half years, then the populace of Spain and
then it bloated the the national liability of Spain, the effect of
which we are seeing now. Its present transit is affecting the friend
nations, government security. Greece would feel a reduction in
speculative dealings, volume of gains, education sector, child birth
rate. The only sectors that may help Spain come out of this problem
are agriculture growth, infrastructure industry, mining industry and
the auto industry. However on the whole the time till 2013 is very
difficult for Spain.
With Ganesha's Grace
The GaneshaSpeaks Team