Euro Area

[Furunculus]

You must be joking, I don't read either of those rags! I gets me left wing from the grauniad and me right wing from the economist...

gaelic cowboy is (as quite often in this thread) entirely correct - this will do nothing to solve the actual problem, but what it will do is provide a figleaf which will finally allow the ECB to step in.

With Merkozy having chastised the naughty children and laid down the 'rules' by which they must now all behave, they should now be free to print money with wild abandon without fear of moral hazard.

nor do I, but being a willing recipient of news i have at least become aware of the polls conducted by those papers. you should try it. *

gaelic cowboy is often right, but if he said that in the post just above i have failed to see it, and that fig-leaf is limited to bank support.

lol, that is not what i am hearing from Draghi and Merkel!





*

A Populus poll for the Times showed support for Cameron's position. The survey showed 57% felt he was right to use the veto while only 14% disagreed with the move. While 56% of voters felt the UK would lose influence in the EU, only 24% felt that it would weaken the prospect of economic recovery in Britain.

http://www.guardian.co.uk/politics/2...reat-coalition

So just over 80% of those who fell one way or another approved.