This little article sums up the situation nicely, and it would be good to see the government take note of it. He is saying what a lot of people have already said, but this is a bit more technical and explains what is going to happen if the government doesn’t act.
There are some inevitabilities that cannot be talked away. The BBC makes you think that all that is needed is for the Eurocrats to put on a brave face and stand “shoulder to shoulder” and then magically the markets will be won over. However there are deep structural flaws that won’t go away. The credit rating agencies keep reminding us of this as they continue to downgrade, but they are merely the messenger, and if there were ever a criticism to be levelled at them then it would be that they didn’t factor in the mechanism we are seeing at the moment that will inevitably lead to default.
It seems clear that what we need to do is to get back our powers of self-government and ditch the socialist model of Europe and go for supply side economics, as he says. This is why we have so much unemployment these days, and it is quite frankly evil of the government to use the unemployed like a football and attack them as “workshy”. This is a cop-out that will just alienate large sectors of the British society. Look at Spain and see the future of the head in the sand approach. Half the youth are unemployed.
Lord Flight: The Government should now withdraw at least from the parts of the EU keeping our economy down Comment
Capitalist Class Hero
I guess 'sensible' doesn't make the headlines these days.
There is too much press on the stupid and ridiculous, but it is the sensible we need to know about. It’s a welcome change from Farage populism.
Capitalist Class Hero
Yes, it's me, I'm having a small problem with my main account and I'm waiting for it to be sorted.
Don't worry too much.
If everything goes well, by the end of next month the new EU governance treaty will have been signed, and by the end of July it will have been ratified.
The situation should become clearer at that time as to whether it is better for the British to stay in the EU or go their own way. Indeed, the second alternative might be preferable, at least temporarily, for all concerned. JR
Yes, it's me, I'm having a small problem with my main account and I'm waiting for it to be sorted.
I think we should all buy this book .. and scare ourselves silly. * faint *
Amazon.com: Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown (9780470918142): David Wiedemer, Robert A. Wiedemer, Cindy S. Spitzer: Books
Last edited by Marilyn; 04-02-2012 at 10:29 AM.
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