Wednesday, April 04, 2012

My reply to John Redwood - Wolfson Prize on euro

Martin Cole
Posted April 4, 2012 at 6:45 am | Permalink
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Edward Hugh examines the political issues in a pdf linked here:
The original concluding paragraphs from last January, even more pertinent today were:
J.K. Galbraith observed: “Politics consists in choosing between the disastrous and the unpalatable”. To see disaster looming before choosing the unpalatable is a dangerous strategy”.

I wish I could believe Europe’s leaders will prove able to see the disaster coming while there is still time to choose the unpalatable, but with every passing day this belief gets harder to summon.



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