Yes!
The federasts are out in force, peddling their nonsense amongst us.
The financial crisis means we must join the euro!
Jebus wept. Just as we’re seeing what a single interest rate is doing to Spain, Ireland and the like, we’re told that we should subject ourselves to that same single interest rate.
Nutters, the lot of ‘em, nutters.
7 responses so far ↓
1 Roger Thornhill // Oct 7, 2008 at 11:02 am
The viability of the Eurozone is in question. They want to pull us in as the ship sinks so as to better disguise their failure.
2 Matthew // Oct 7, 2008 at 11:18 am
There is a problem here, which is being exacerbated by the forced bank mergers and takeovers, that European banks, both within and outside the Eurozone, are too large for nation states to handle. Furthermore Britain is hardly better positioned than members of the eurozone despite the flexibility of its own monetary policy, in fact in some ways it is much worse.
3 eu007 // Oct 7, 2008 at 12:12 pm
Don’t worry about it. They’re deluded, and they haven’t got a clue about economics. The euro is quite likely a dead man walking, and just about the only thing we have going for us is our ability to act independently now. They don’t understand the scale of the crisis, there’s no time to get into the euro now, we need quick action, and even that’s not going to prevent the crash.
4 RobtE // Oct 7, 2008 at 12:19 pm
“federasts”
I like it. If it’s your coinage, Tim, then well done. I’m going to steal it.
5 Zorro // Oct 7, 2008 at 12:43 pm
federasses might be better..
6 Serf // Oct 7, 2008 at 2:21 pm
I met the senior economist at a major US bank yesterday, and he shares your view Tim.
7 john b // Oct 7, 2008 at 6:06 pm
“in fact in some ways [the UK] is much worse [than the Eurozone]”
I can’t see any obvious metrics under which this is the case – care to elaborate?
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