• The post you are reporting:
   
  Jimmy - you need to get a few things right.
  
  It was Labour who signed the agreement for us to contribute towards bail-outs, such as Ireland. Never fear though - Portugal may be next, not too much with their tiny economy, they might be followed by Spain, far to big to get bailed-out, that would mean the end for the Euro instead.
  
  You are also hard on Norman Lamont as a matter of fact. John Major was the culprit who signed us up to the Euro forerunner, EMU. It was the rules that applied to EMU that Lamont had to deal with on that great day when we broke out of the EMU straightjacket to start economic recovery. It did cost us a few bob, but worth it for the recovery that followed and the lesson not to link our currency to the others. Besides, what it cost was a fraction of what Brown lost when he flogged off gold, against advice, at the bottom of the market.

Report Post

Your Name

Reason