Home |
Search |
Today's Posts |
|
London Transport (uk.transport.london) Discussion of all forms of transport in London. |
|
LinkBack | Thread Tools | Display Modes |
#10
|
|||
|
|||
"Crossrail budget may be slashed by a third"
And, to add insult to injury, Ireland had to pay some of the bill to bail out Greece! The joys of Euro membership ... The Euro must now surely collapse. Maggie’s economist of choice, that arch monetarist, Milton Friedman predicted it would be so. He always argued that a single currency with a central bank could never succeed alone without centralised fiscal responsibility across the whole of Europe. His advice was for Europe to adopt the best practice of the Deutschmark and the Deutsche Bank to set Europe wide interest rates and Europe wide spending levels. Pity now also the poor Germans who must be appalled to be once again experiencing fiscal irresponsibility of a sort they must have thought they had so carefully left behind. Credit where it’s due to Gordon as well who effectively overruled Tony to delay our entry further into the Euro, not a difficult choice though when you consider the mess the Tories had got themselves into previously with the Euro. I don’t know why we bother with Europe, the whole thing is flawed, we would be much better off with the dollar and become the 51st state and we could go back to Imperial measurements far better than all this foreign muck that no one wants. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
"Transport for London cuts £7.6bn from budget" | London Transport | |||
Major Watford projects face axe as spending slashed | London Transport | |||
Fwd: Planets Gather on May 5 and May 17, 2000 | London Transport | |||
"The Olympics will be late and over budget" | London Transport |