MORE EURO REQUIRED!

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It’s a tricky one. The Slovakian Parliament has dared reject the will of the Eurocrats and so the whole Bail-Out is thrown into even further chaos. What approach will the BBC take? Cue interview with two Europhiles in the form of Sir Howard Davies and Lib-Dem MEP Sharon Bowles. Howard wants to see a central European Treasury imposed so that future major financial decisions do not require anything as irritating to the great and the good as the pesky will of the individual Nations States, and Bowles howled that what we need to deal with Europe’s problem is…erm…more Europe! Nicely balanced interview there

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4 Responses to MORE EURO REQUIRED!

  1. Natsman says:
    October 12, 2011 at 9:21 am

    Surely, if they get it “wrong”, they’ll be advised to go away and vote again until they get it “right”, a la Ireland?

       1 likes

  2. cjhartnett says:
    October 12, 2011 at 7:06 pm

    The BBC had two people on to discuss the terrible waste of women in the woekplace this morning.
    One was Will Hutton-of the Left , the other was some academic bluestocking waiting to go onto Womans Hour.
    Not surprisingly, they both agreed that “NO, there were not enough women dumping their kids into school creches or a passing foster carer.
    Would not increase the number of nannies and social workers would it? 

       1 likes

  3. Geyza says:
    October 13, 2011 at 9:53 am

    The opposition only voted against this bail out in order to topple the government.  They have already arranged to vote for the measure at the earliest opportunity with the other coalition parties.

    This is for the 460 billion euro bail out agreed in July.

    Since then they are now already calling for upwards of an additional 2 TRILLION euros for the next bail out.  One group of economists has suggested that the total amount needed to bail out all the banks and governments at risk will require a recapitalisation of 6 trillion euros.

    They have not said where that money would come from…….. Mainly because it simply does not exist.  So the ECB would have to invent it out of thin air, lend it to the states, to repay back to the banks and then get the tax-payers to repay it plus interest.

       0 likes

  4. DP111 says:
    October 13, 2011 at 6:15 pm

    There is always the option of Quantitave Easing. With sufficient number of printers, 6trillion Euros can be printed fairly soon.

       0 likes