Originally posted by AlfredJPruffock
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Wait a minute, let me get this straight - If Greece defaults
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I ask those who wouldn't mind the EU running the UK's fiscal policy - when was the last time the EU accounts were in a good enough state to be signed off by the annual audit?
A clue - it hasn't happened this century.Comment
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Originally posted by Doggy Styles View PostThis.Comment
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Originally posted by DodgyAgent View PostThe Swiss, Canadians and Norwegians are not members of the Euro. Do you realise (quite apart from being able to explain the logistics of having these people run our economy) what a stupid comment you have made
Does it occur to you that maybe they don't wish to join the Euro for very good reasons
You asked:
To give it away just because some of you think that we are not very good at running our finances.
Well who else is better?
Stick to pimping, you're made for it."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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The countries I named are a lot better running their economies than we are.
Good point - and indeed some economies will out perform others due to a variety of factors - energy reources - manufacturing capablity - currency strength (or weakness!) access to export markets , and as you mentioned the t management expertise of the economy by the ruling political class/Government.
It is noteworthy these economies you mentioned are managed by their National Government - ipso facto National Self Interest leads to a robust economy - what then if management of the economy is administered elsewhere ?Last edited by AlfredJPruffock; 28 June 2011, 18:20.Comment
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National Self Interest leads to a robust economy
Perhaps management of an economy is a privilege not to be squandered. What if indeed our economies were managed by politicians and not banks? We're game when we should be sovereign given our advantages."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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EU going to pot as expected really. You can't have a bunch of self-interested states in a union. This is why the EU will never work. Its a great project by the French and Germans, and now they are short of cash, its falling apart.
Kinda reminds me of a Yes Prime Minister episode. Yes, Minister on the EECMcCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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Originally posted by scooterscot View PostNational Self Interest leads to a robust economy
What if indeed our economies were managed by politicians and not banks? We're game when we should be sovereign given our advantages.
It's been tried many times, in communist countries and even here in the 50s to the 80s, and it always fails dismally.
Politicians and bureaucrats always end up confusing "national self interest" with their self interest, and their incentives are usually counterproductive or at best irrelevant to the interests of the enterprises they manage.
Also, with specialised high tech industries (which is supposed to be the UKs manufacturing speciality), management by ignorant politicians will fail even quicker.Work in the public sector? Read the IR35 FAQ hereComment
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Originally posted by AlfredJPruffock View PostSorry DS - not quite with you on this - or more precisely This ?Comment
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