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    There is already a thread on this. I explained the impact of this.

    We have a sovereign debt crisis in the EU dragging down and threatening the world economy and yet many would have us add to that sovereign debt crisis by more government spending. bonkers.

    Neither do I believe QE is an answer - cutting back that overweaning, expensive and wastful state is the answer. Osborne should accelerate his timid cuts programme and go far deeper.

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