Thursday, 11 February 2010

Getting The PIIGS In

Not that I like the term.

Let them adopt the arrangement that one of them had into the 1980s, of issuing their own currencies, but with their values fixed permanently at whatever that of sterling happened to be at any given time. An option for plenty of other countries, too. Indeed, for as many as wanted to adopt it. The Euro has failed, vindicating those, such as Gordon Brown and not Ken Clarke, who insisted on staying out. Deal with it. Adopting the dollar means subservience. Deal with that, too.

And after the return of the Sterling Area, beginning with countries none of which was ever in the British Empire (what is now the Irish Republic was in the United Kingdom, something quite different and the key to understanding the true history of the Irish in the British imperial period), how about the return of the Commonwealth Preference Area, again including, as the Commonwealth itself now does, countries whose accession constitutes, entirely voluntarily, their first ever tie to Britain?

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