This Signals That The World Is Coming Together To Save Europe
“This signals that the world is coming together” to save Europe, said Noriaki Matsuoka, an economist at Daiwa Asset Management Co. in Tokyo. “But it’s unlikely the euro will maintain its current strength. It’s unclear whether the market will be able absorb all the bonds being issued by the problematic euro-zone nations.”
One thing is certain we are going to be living in a different world when this is over. The Euro federalists are propping up with whatever cash they can scrap together to prop up the EU fantasy. This is the same organistion that cannot pass audit for decades at a time but wants to control European Banking.
So while all of this is going on the Deficit deniers are out in force- problem what problem ?
These people are solely concerned with the narrow party political blame game, trying to intellectualise the massive hole that we are in, promising that everything will continue as before- it will not. economic, military and political power is draining from Europe to the East. This brings a whole new as yet unseen realities.
“Labour failed to address inefficiencies in the public sector and some of the additional investment was wasted needlessly, but the overall spending was necessary at the time, as Blair discovered then and some senior Tories discover now.”
So the case for the defence seems to exonerate Labour for imprudence but is more ambiguous on wastefulness.”
What arrant nonsense. For thirteen years there was a credit binge, the public sector grew like topsy, investment ? three thousand new Laws, PFI , over a million new public sector jobs.
Unfortunately, the prosecution has a powerful counter case on the imprudence argument. Before moving to that, it is important to state that the Convservatives and Liberal Democrats are in the dock here also. They tied themselves to Labour’s spending plans (at least) so they also made the misjudgement.
Sharp intake of breath, yes Labour Uncut are right, but only because the Conservatives and Liberals are operating on the same Fabian playing field.
Does it not occur to any of these ‘intellectuals’ that that the common denominator is big big Government and its meddling in our economic and social lives.
Putting your head in the sand and hoping for the best is not a fiscal policy
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January 11, 2011 at 18:18 -
The Piers Morgan of Politics
That’s rich – I thought that Alistair Darling had written the article, based on he first four paragraphs. Mr Morgan would probably have spiced the issue up in his inimitable way!
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January 11, 2011 at 19:11 -
Think interest rates should go up but that ain’t gonna happen.
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January 11, 2011 at 20:25 -
So, the real message is the Euro zone is being artificially propped up, prolonging the inevitable and will ending up in debt to who knows who (probably the Chinese).
Lets pray the whole artificial project comes crashing down and the speculator friends of those in the political elite move on to easier prey.
Sadly not before my grandchildren are consigned to a far poorer future than they should be enjoying.
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January 11, 2011 at 23:40 -
Probably China is correct. We’ll know this week with all the new debt financing to be done. Portugal is possibly going to take immediate bailout and not go down the prolonged agony Irish route. China and Japan will buy the Euro bonds and keep the cart on the road. For a while at least.
EU leaders are the real problem. There appears no plan except ‘everything will work out just fine.’ Maybe they hope that once everyone has bailed everyone else out we can all go back as before. Or they expect Asia to bail out Europe.
Its not much of a plan.
Its no better than Ed Miliband’s stick your fingers in your ears and say Crisis? What crisis?
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