Ciudadanos, Podemos,
PP, Socialistas,
Europe’s periphery
Is getting slippery
O shun ye,
O run ye from mixed up Madrid.
New niño liders
Won Spanish voters
Ousted caste oldsters
Confounding los pollsters.
Ring out austeridade!
Ring in some novidade!
No real majoridade
From the electorade.
Rajoy’s rejection in Spain’s election
Causes dejection in stock exchanges.
All over Euroland, short-sellers in a band
Warn us that southern lands
All plot to offer voting for changes.
France, Portugal, Italy, Med states specifically
Can go Corbynard voting for lefties hard.
Let us sing gloria, without euphoria.
Spain’s coalitions may find conditions.
Letting politicos keep their portfolios.
No new elections, avoiding perdition.
Sing goodwill to men of peace
I hope that Spain does not become Greece.
On other continents we are less confident.
Corruptly incompetent folks run down the dough.
Changing finances means high risks and chances
Dilma! Brasilia! Zuma! Pretoria! Clown advances.
How can these bozoes get back their mojos?
And at the hidden smart dough table
They merge whatever they are able.
Make new conglomerates
In auctions and aggregates
Building a Tower of Babel.
This Bethlehem or Bedlam road
Does not good outcomes bode
Save for the banker fees
If Spain does not go like Greece.
Rejoice with Rajoy
O tidings of joy!
Leave myrrh and frankensense
Gold is up some more cents!
*Abhimanyu Sisodia leads from India:
Morgan Stanley forecasts “slow but sustainable” growth of India’s GDP at 7.5% in the current fiscal year to Mar. 2016, accelerating to 8.1% in FY17. Growth will be driven by capital spending, more consumption, and normalized exports while inflation to be under 5% for the next two years.
MS credits the Modi government’s policies for improved macro stability.
If it works out, the forecast is good for Tata Motors (TTM). In a rare move in a competitive industry, TTM is teaming up with rivals Maruti Suzuki and Mahindra & Mahindra to develop components for electric and hybrid vehicles. This follows a Supreme Court ruling cutting down on Delhi diesel vehicles, likely to be applied to other cities. Automakers are combining to drive down costs while setting standards for a potential fast growth sector. India is promoting use of hybrids and electric vehicles, and launched the “Faster Adoption and Manufacturing of Electric†FAME scheme in April which provides $2 bn in heavy industry incentives to both manufacturers and consumers of electric and hybrid vehicles. Thanks to heavy R&D spending for Britain’s Jaguar-Landrover leads in develop Indian clean cars.
