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Britain May Be Doomed Without The Euro
The reality of the euro has exposed the absurdity of many anti-European scares, while increasing the public thirst for information. Public opinion is already changing [...] as people can see the success of the new currency on the mainland and the alarming fall in inward investment into Britain as international companies show an increasing reluctance to locate here.
Quote by: Current Justice Secretary, Ken Clarke
Quote made on: 15/05/2002
Quote Submitted by: Mark Booker
Source: The Times
Editor's Notes
I think we might just muddle through without the euro now, Ken.
Interesting to see the Right Honourable Gentleman`s reference to a “public thirst” being followed, almost ten years later to the day, by an extended metaphor from Spain`s Foreign Minister referring to the Titanic. One way of assuaging thirst, I suppose.
(4 votes, average: 9.25 out of 10)
Loading ...Published on: April 30, 2012
Hardly A Wim-Win On The Good Ship Euro
It is sometimes said that while the single monetary policy may be “right” for the euro area as a whole, it is “wrong” for many individual countries within the area. I disagree with this view. First, it overlooks the fact that, within a single currency, area adjustment can occur via prices and wages.
Quote by: The then President of the European Central Bank, WIM DUISENBERG
Quote made on: 05/11/1999
Quote Submitted by: Yvonne Beere
Source: Speech delivered at "Nieuwspoort" in The Hague, Netherlands
Editor's Notes
The capacity for single monetary policy to adapt to changing circumstances has indeed been brought into sharper focus in the light of recent events. For instance, the effect of adjusting Spanish wages may not be so relevant when approximately one in every four workers cannot currently obtain employment.
Spain`s Foreign Minister told state radio last week: “This is like the Titanic. If there`s a sinking here, even the first-class passengers drown”
Given that the richest “passengers” within the EU have an unfortunate reputation for securing the best vantage points on holiday, it is hoped that they will be able to do something more than re-arrange the deckchairs on this particular journey.
(No Ratings Yet)
Loading ...Published on: April 29, 2012
Almost 43% Knew The Global Financial Crisis Was Coming!
Economists call it `hindsight bias’, the rest of us self-delusion: only 27% of respondents to an online poll admitted to not having foreseen the financial crisis.
Quote by: Chris Marshall, "Citywire"
Quote made on: 23/04/2012
Quote Submitted by: David Gear
Source: "Citywire Money"
Editor's Notes
The results of this poll, carried out by ING eZonomics and attracting replies from 455 web surfers, posed the question, “looking back, do you feel like you knew the global financial crisis was coming?” The quite staggering response was that 42.6% said ‘yes’, while 30% weren`t sure and couldn`t remember if they predicted this particular catastrophe – maybe thay had a hunch, but weren`t 100% certain.
So, this leaves us with just over 1 in 4 admitting to not having foreseen the global financial crisis. We Brits may lack many qualities, but we cannot count a lack of self-confidence among them.
(2 votes, average: 8.50 out of 10)
Loading ...Published on: April 23, 2012
