Wait a minute, let me get this straight - If Greece defaults

[Doggy Styles]

Britain should not adopt the Euro as it would place too many restraints on our National Economic Policy - also the Eurio was designed to prelude the EU Political Union - the reality is that Politcal Union with the current EU states membership is not going to happen - certainly not in its current format.

Britain should remain with the EC - the Euro project is not finished - it will survive this crises and energe the stronger - ditto for the US indebted economy - but the ultimate goal of the Eurocrats - ie European Fiscal followed by Political Union - will not be achieved any time soon.

This.

[Doggy Styles]

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.

[AlfredJPruffock]

This.

Sorry DS - not quite with you on this - or more precisely This ?

[scooterscot]

The 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

Whit??

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?

The countries I named are a lot better running their economies than we are.

Stick to pimping, you're made for it.

[AlfredJPruffock]

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 ?

[scooterscot]

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.

[Jeff Maginty]

..

[lilelvis2000]

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 EEC

[OwlHoot]

National 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.

Not sure if you're seriously proposing that, as your post was opaque, but ..

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.

[Doggy Styles]

Sorry DS - not quite with you on this - or more precisely This ?

Oh sorry, I was agreeing with what you said. It's instead of repeating it.