Showing posts with label PIIGS. Show all posts
Showing posts with label PIIGS. Show all posts

Tuesday, 13 July 2010

World Cup: the agony and the ecstasy

Now that the World Cup is over, it’s time to take stock of its contribution to our lives.

It’s well known that if the national team wins a major trophy for a significant sport, there’s a general improvement in morale of the nation as a whole. This has to be a good thing and should be encouraged, even though there is a downside to it: sadly, the government also generally benefits from the upsurge. Since governments tend to be more than sufficiently self-satisfied  anything that contributes to them feeling better about themselves is probably best avoided.

Still, whatever helps ordinary people is welcome. And obviously the people of Spain need a boost more than most, given their parlous financial state and the looming risk that it’s about to get an awful lot worse. So good luck to them.

On the other hand, wouldn’t it have been nice if the Portuguese, the Greeks and the Italians could have had a similar boost to their self-esteem? After all, they along with Spain and of course Ireland – which didn’t even qualify for the World Cup, denied by a scandalous and insufficiently punished handball by France – form the PIIGS group of Eurozone nations most badly affected by the financial crisis.

And that’s the problem with this kind of competition. One nation gets a boost, gets its spirits lifted – but there were 32 taking part in South Africa. The other 31 all came home more or less disappointed – including Ghana, denied a place in the semi-finals by a scandalous and insufficiently punished handball by Uruguay – leaving their compatriots un-lifted or even downright dejected. The latter was the case, in particular, in England, though I don’t share the general depression: I believe the England team to be outstanding only in its capacity to disappoint, so I didn’t feel let down at all.

The overall picture is of one country getting a fillip, while 31 came home disappointed, while others didn’t get to go at all.

Where’s the mileage in that? It’s hardly the greatest good for the greatest number. This really isn’t the most effective way of spreading the feel-good effect around the most possible people, is it?

Still, the upside I suppose is that 31 smug governments – not to mention Ireland’s – at least got their wings clipped a bit.