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    I think the biggest problem for this or any government is getting the balance right between austerity and growth and it seems that the balance is not yet right - not sure it ever will be.

    It will always err on the side of caution for the well-off and the heaviest weight will be borne by the poorer members of society.

    This is making me sound like a socialist, but I am not, nor ever will be, but there does seem to be a common thread through Government thinking that the rich, the entrepreneurs etc. must be looked after, because they are the wealth creators.

    If/when Spain declares itself bankrupt, the EU and the Eurozone countries won't be able to cope.
    With 24.6% adult unemployment and almost 50% unemployment amongst the young there, it probably won't be long.

    Many EU countries make their money in different ways - tourism for most of southern europe and manufactuing in the Northern areas; various sizes and different needs, but all on the same constraints and "one size fits all" simply doesn't work.

    It will be the downfall of the EU and there'll be nothing to leave - just massive debts for everyone.




    Roger

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