Neo liberalism is in crisis: Discuss… If only I were back at university and being asked this question by one of my lecturers! Neo liberalism is in deep crisis, as the prospect of economic depression on the back of the Euro-zone break down becomes more apparent. So while it would be fun to write the […]
Posts Tagged ‘Euro’
It’s Political Union or Eurozone breakup. There’s no middle way
Apr 9th, 2011 by Michael Meacher.For the third time in a row – Greece, Ireland and now Portugal – the continuing Eurozone crisis is being handled badly. A Portuguese bail-out will shortly be arranged among the EU countries, but in practice dominated by the conditions laid down by the most powerful country, Germany. This may seem reasonable given that Germany […]
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Tony Blair on Sanitary Products, Religion and the Euro
Dec 7th, 2010 by Mark Seddon.Tony Blair’s journeyings have recently taken him from a well paid gig addressing a conference of sanitary ware and toilet roll manufacturers (he reputedly received a $50,000 fee) in the United States to taking part in a less than godly debate over religion north of the border in Canada with veteran atheist and journalist Christopher Hitchens, […]
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Time to break up the eurozone
Nov 25th, 2010 by Michael Meacher.The writing is really on the wall this time. When a €90bn (£77bn) bail-out on top of a £50bn bail-out not that many weeks ago, fails to steady the bond markets beyond half a day, we are reaching the end point of the current EU financial architecture. There are very few options left. Muddling through […]
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Britain Most Exposed To Irish Debt
Nov 23rd, 2010 by Mark Seddon.Unsurprisingly perhaps there have been more than a few eyebrows raised in British political circles at the decision by an apparently cash strapped UK Government to loan the even more cash strapped Irish Government almost £7 billion. This is despite the fact that Britain is not a member of the Euro zone, and unlike other […]
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Whatever Happened To The Luck Of the Irish?
Nov 19th, 2010 by Mark Seddon.Ireland, once hailed as the ‘Celtic Tiger’, is bust and has gone cap in hand to the IMF and the European Central Bank. Ireland was once hailed by Britain’s now Chancellor, George Osborne as the ‘country to emulate’. He asked ‘how can we learn from them?’ Riding a wave of speculation and easy credit, Ireland, […]
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Ed Balls – Right about the Euro
Jun 7th, 2010 by Jon Lansman.Ed Balls may be wrong about immigration but he’s right about the euro, up to a point. The credit normally goers to Gordon Brown for keeping Britain out of the euro, but, as his adviser at the time, Balls deserves some credit too. Describing himself as “a pro-European of the hard-headed rather than romantic variety,” […]
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We face a dire threat. And it’s time to ditch the euro
May 27th, 2010 by Jon Lansman.Seumas Milne summarises the dire threat to our economy in today’s Guardian: forcing austerity down the throats of fragile economies, in Britain and across Europe, risks years of stagnation and slump: More than £30bn was wiped off City shares on Tuesday, as investors panicked at the prospect of sovereign debt defaults, bank crashes and a double-dip […]
