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    Not being anywhere as knowledgeable as Barry, I would only give it a cautious welcome as 100 years is a very long time.

    I would have thought it better to have put the money available, to Banks to lend SMEs at reasonably low interest rates. How do you force them to do that though ?
    The vast majority of small businesses that need short-term loans, perhaps in the construction industry, just to finish off the job in many cases, can't get the money and so it all goes tits-up and everyoner loses, instead of common-sense prevailing and everyone wins.

    It was interesting to read about the EU relaxing rules about State funding, so soon after SeaFrance going under.




    Roger

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