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| Europe |
| The Euro elite are totally out of touch with the modern world |
| 2011-11-08 |
| h/t Instapundit It is extraordinary to recall that, until June last year, HM Treasury still had a “euro preparations unit”, finally abolished in George Osborne’s emergency Budget. This was the last, fossilised remains of the “prepare and decide” strategy adopted by New Labour, the premise of which – at least in the Blair years – was that Britain should and would join the single currency at some point in the future. In past weeks, we have grown used to the eurozone as supplicant: the garlicky tramp on the pavement with a piece of cardboard on a string round his neck, bearing the words: “Will work for bail-out.” Even now, Osborne’s team is working on a host of contingency plans, to be triggered by crises ranging from Greece’s exit from the single currency, to the full-blown collapse of the eurozone. |
| Posted by:gr(o)mgoru |
| #2 You said a mouthful, John. "crises ranging from GreeceÂ’s exit from the single currency, to the full-blown collapse of the eurozone" I'll take Door #2, Alex (before the EUros do). |
| Posted by: Barbara 2011-11-08 18:20 |
| #1 Here too. |
| Posted by: JohnQC 2011-11-08 18:02 |