By our Financial Correspondent, Duane Polkinghorne
Billy Spargo, the Chairman of the Greater Relubbus Urban Council (GRUC), is to address an emergency meeting of the G-20 to be held in New York early next week.
The G-20 is a group of twenty Finance Ministers and Central Bank Governors from 19 of the world's largest economies, plus the EU. Collectively, the G-20 economies comprise 90% of global GNP and 80% of world trade.
However, one notable absentee from the group is Relubbus, whose resilient "Celtic tiger economy" has expanded massively in recent years and whose GNP now stands second only to that of the US.
Until now, Relubbus, under the canny leadership of Chairman Spargo, has resolutely refused to ally itself with any international trading blocs other than the Union of Kernow States. The latter, comprising, besides Relubbus itself, Crowlas, Lower Gwavas, Nanpean, Treneere, Germoe, Perranuthnoe, Crows an Wra, Tremethick Cross, and Tregavarah, has emerged, under the leadership of Relubbus, as the planet's leading energy supplier. Indeed, the GRUC Council Chamber alone produces huge quantities of natural gas, while the vast wind farm at Cripplesease generates sufficient electricity to power the UK national grid.
It is understood that Councillor Spargo, in agreeing to address the NY meeting, is responding to a desperate plea from the world's leaders. As the global financial crisis deepens, they regard the support of Relubbus as the only way to avert a total meltdown of the world economy.
Mr Spargo is expected to solve the international crisis by pledging to underwrite the national debts of the US, UK, France, Germany, Italy, Japan, Russia, India, and China. He could do this by drawing on the vast reserves of the Relubbus Central Bank (shown above) -- rumoured to be in the region of £17 6s 8d!
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