I’m sorry, but I cannot agree with the general sense of outrage sparked by calls for an EU bureaucrat – or German gauleiter, as depicted in some quarters – to take control of the Greek economy. Greece lied its way into the single currency, and it has repeatedly failed to keep its promises since, even [...]
Rick Santorum is right to put the accent on manufacturing for America, but it’s about more than the factory floor.
If you’re a Brit (and not a US political junkie), you probably won’t have heard of Rick Santorum until this week. The former senator for Pennsylvania came within eight votes of a dramatic win in Tuesday night’s election in Iowa. It was the first skirmish in what may prove a long battle among Republicans to [...]
Why Most People Should Apply To Debt Elimination Plans If You Want To Get Out Of Debt Right Now
You can apply for debt elimination online, you know. It keeps getting easier and easier everyday as the credit industry grows and more and more of them move their services to the internet. You can just find yourself a good credit firm with good reputation, contact them, and let them do your thing for you. [...]
Volcker is right: a little inflation is a dangerous thing
Ouch! It’s even worse than we thought – or perhaps that should read what forecasters thought. For most of us, news that CPI inflation last month reached 5.2pc won’t come as much of a surprise; it’s been obvious from our utility bills and shopping baskets for some time now. The older, RPI measure of inflation [...]
‘Bash’ the right ‘rich’ – bankers are workers, not capitalists
The “Occupy Wall Street” protests continue to spread, a symptom of the same anti-bank-bailouts sentiment that spawned the Tea Party. I opposed bailing out the banks in 2008 and 2009 (and since), and I do so again now. Bailouts for the banks turn the state into a mechanism to keep the rich rich, despite their folly and ill-fortune. [...]
Angela Merkel is right – eurobonds are indeed the wrong answer to Europe’s debt crisis
Somehow, over the past few weeks, many financial market traders have got it into their heads that if the eurozone governments really want to save the euro, they must agree to debt pooling. The main concept of debt pooling is the issuance of a eurozone-wide “eurobond”, to guarantee all the debts of individual member states. [...]
Political union can save the euro – but only the right sort
Jeremy Warner correctly points to Otmar Issing’s devastating piece in today’s FT, which slams the form of fiscal union towards which the Eurozone is drifting, predicting that it would be likely to lead to the collapse of the EU. Issing says that, although he was an outspoken advocate of the idea that political union should accompany monetary union, [...]
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Killings stir fears of extreme right
Police say internet posts apparently made by Anders Behring Breivik suggest ‘some political traits directed toward the right, and anti-Muslim views’ View full post on Financial Times – UK Homepage
Economy is ‘roughly in the right place’
Chancellor warns cabinet that Britain is still facing economic difficulties ahead of the publication of eagerly awaited economic data on Wednesday View full post on Financial Times – UK Homepage