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    Its the way you tell 'em Reg....

    People should actually look at the real cause of Spain's problems. Excessive government borrowing and spending exacerbated by an ill-conceived currency union that embeds a lack of economic competitiveness.

    The Spanish government has its hands tied behind it back in dealing with the problem. It cannot restore competitiveness by devaluing their currency and in part inflating their debts and deficit away.

    We, at least, have had a floating currency to take some of the strain, we just need deeper and faster public spending cuts and a reduction in the tax burden and red tape burden to get the UK economy improving faster.

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