• The post you are reporting:
   
  They are praising the present UK government for the deficit reduction plan and acknowledging that it has already given the markets confidence.
  
  Its there Howard - in black and white, fully endorsing Osborne.
  
  Even the BBC agree...amazing that!
  Quote Stephanie Flanders, the BBC Economic Editor "It couldn't be better timing for George Osborne. On the day that Labour's old and new guard debate just how outraged to be about the government's deficit plans, the IMF has given them a resounding thumbs up."
  
  Yes Howard she uses the word: resounding.
  
  She also says: "In the body of the report, the staff warm to their theme, and make clear that they consider Mr Osborne's plans an improvement on Alistair Darling's."
  
  Then she says: "In the public relations battle over the deficit, Mr Osborne's team has won an important, and surprisingly unqualified, endorsement."
  
  Unqualified, thats what she said.
  
  I suspect her leftie BBC bosses will be outraged by her and will get her knuckles rapped....But for once the BBC are actually saying it as it is...
  
  Ireland has its own serious problems relating to their Euro membership. If freed from the constraints of the Euro and being to let their currency float they would spark recovery (alongsdie their deficit reduction, a less serious problem than the UK incidentally).
  
  You need only look back to White Wednesday when the UK broke away from the constraints of ECU sparking a recovery as a precedent.

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