As mentioned elsewhere we were away in France for the past few days and stopping off in Calais on the way back for some lunch, a letter was attached to our family car and we saw it upon our return. I looked around and it was only attached to our car..why I dont know, it appears to be in black biro and not a photocopy. Maybe somebody recognised us as being from Doverforum..perhaps unlikely, maybe the guy just wanted it on an English car...
but the letter and here it is
..is adressed to David Cameron
Now it is not possible to follow like that so will highlight the points
"
Dear Mr Cameron - copy to press.
Your remarks on the Euro are a bit over the top, Ive been analysing this sort of question as an economist since before you were born.
1. Greece is bankrupt. It has no real option but to repudiate its debt. Its lenders were just as silly as its government.
2. The Euro is probably overvalued and may have to come down 10 - 15 % nothing more.
3. The ECB is somewhat lacking in experience and the Bank of England should step in and help, and be prepared to work closely with it on suitable terms.
4. The Euro is no more at risk from the Greek bankruptcy than the dollar was from the Euro.
5. The only member of the six to have any real problems is Italy and the IMF has congratulated that country on the way it is addressing matters.
6. The real problem is that the EU is still not delivering what it was set up to do..namely bring EU production levels up to its American counterpart levels..but that will come.
7. It is in Britains interest to stay with that aim. Because that way Britian will enjoy American production levels in time..worth it? yes.
8. To put it another way..what EU needs is 200 top companies as large as the 200 top American companies. That too will come. If you dont know that already Mr Cameron you need more competent economic advisers.
The letter was written by
David Colmba Green BSC Economics with an address in Calais.
"
There you are, much of this one way or another has already been discussed on this forum. But thought it worth reproducing as it is clearly from an ex-pat living over there in the Eurozone.