Monday, October 17, 2011

Treasures from the threads - Number sixty-six - The EU's end!

The following selection, has been made from a comment thread to Ambrose Evans-Pritchard's column, in this morning's Daily Telegraph, which adequately summarises the main failures that have brought the EU down, linked here:


Today 12:02 AM

Ambrose - I think it was in early 2008 you wrote a piece which featured in a Saturday edition "will europe's industry ever recover ?".  I cut it out and kept it for a couple of years.  (It was exactly what I though of the UK's industrial base post 20 years of slash and burn by 1994.  It had happened here, it could happen there.)

I think we are seeing the answer quite clearly.  What we can't see it what is really frightening.  This will only be sorted with currency exchange barriers, duty tariffs and rationing.  If the "rich" have to have it as bad as the "poor" then it maybe, just maybe we will not have mass civil unrest. 

We cannot afford our lifestyle and benefits and we certainly don't earn it.  The debt collector is coming.



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