Category Archives: EU

Meanwhile economics rolls on

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I’ll return to wittering about the riots from my armchair out in the leafy suburbs before too long. Meanwhile I thought it might be worth having a quick look at a few economic tidbits that may have been over looked during all the local fun and games. The big bit of news is probably that Standards and poor have downgraded the USA’s credit rating. They’re no longer AAA rated but AA+, only one rating agency so far though others have changed their outlook to negative. Though as has been pointed out to me for those that keep a closer eye … Continue reading →

For the removal of doubt

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For a while now many people have been talking about the inexorable drive by our political elites to form a united states of Europe. We have of course often been rebuffed as being a bit tin-hat and of course that’s not what’s happening. Well a bit of video over at Archbishop Cranmers rather lets the cat out of the bag. As Captain Ranty has observed on many occasion if the EU controls the finances, then everything else effectively follows. Mind he does today also offer the hope that forcing fiscal unity will render the implosion of the EU project inevitable … Continue reading →

So it’s a default

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I caught the news about the possibility of the Greeks defaulting on their debt last night, but wanted to check I was understanding things properly at the time. Not that my understanding was helped any by checking what the BBC were saying as last night they were following the line that it wasn’t a default really, though thanks to their wonderful habit of updating articles without mentioning the fact you’d not know that this morning. Now of course the headline isn’t “Greece defaults” but: “Greece aid package boosts stock markets” And any mention that some people might consider that forcing … Continue reading →