Tuesday 9 February 2010

Credit

As the Eurozone falls apart, remember that Gordon Brown kept us out, whereas a re-elected government with Ken Clarke as Chancellor would have taken us in at the start.
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6 comments:

  1. Anonymous9 February 2010 at 15:52

    Things are bad, but we'd have been Greece if the 97 election had gone the other way.

    The last days of the ero, who'd have thought it?

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  2. David Lindsay9 February 2010 at 16:41

    I've always thought that it would be the Germans who left first. May yet turn out to be. And once they go, then that really is the end.

    The Euro has been of benefit to no one but drug trafickers, who love it.

    The Irish can re-join the pound sterling and the Commonwealth at the same time. Watch out for that one.

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  3. Stevie9 February 2010 at 19:03

    "The Irish can re-join the pound sterling and the Commonwealth at the same time. Watch out for that one."

    When?

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  4. David Lindsay9 February 2010 at 19:09

    Wait and see.

    They had a one-for-one arrangement with sterling, fixed at whatever sterling happened to be at the given time, into the Eighties.

    As for the Commonwealth, even Bertie Ahearn, of Fianna Fail, is now openly in favour of it, as is Mary McAleese, a Nationalist from Northern Ireland.

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  5. Anonymous9 February 2010 at 22:23

    £ isn't looking great though, is it? GBP is awful against the US dollar at the present and has been since, I don't know. When was the last time we had £1 = $1.90 or thereabouts?

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  6. David Lindsay10 February 2010 at 17:11

    No one, not even Alex Salmond, is trying to leave the pound.

    I am told that, with the impending and even ongoing disintegration of the Eurozone, the Irish really are seriously considering reviving the one-for-one arrangement, with coins and notes depicting heroes of 1916 and what have you, but valued in sterling all the same. They know when they were well-off. And they know that they are not now.

    The Commonwealth thing is a done deal. When the Queen pays a State Visit to one of the very, very few countries where she has never been. Probably in the Diamond Jubilee year.

    This post has given me the rather surprising insight that there are still British enthusiasts for Euro membership. Ho, hum - there are still Jacobites if you know where to look for them, too.

    ReplyDelete

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