At the time of writing, with over 57% of the Greek referendum result known, it appears the result is 61% no and 39% yes. Today’s dramatic result is a wake-up call for the failed EU Establishment. Even the most vulnerable small nation will not be bullied by supranational authorities. The […]
Read MorePost Tagged with: "Greece"
Gordon Kerr predicts the failure of the Greek bailout
My Cobden Centre and Cobden Partners colleague Gordon Kerr appeared this morning on Bloomberg to explain why the Greek bailout will fail: As I have said in debate, in the context of using the IMF to facilitate bailouts: …If this is not the time of all times to question the […]
Read MoreIn Greece, Atlas is Shrugging
Via BBC News – Greece MPs pass austerity plan amid violent protests: Tens of thousands protested in Athens, where there were widespread clashes and buildings were set on fire. Violent protests were reported in cities across the country. Protesters outside parliament threw stones and petrol bombs, and police responded with […]
Read MoreThe consequences of the impending national bankruptcies » The Cobden Centre
A fascinating perspective from Robert Thorpe at The Cobden Centre – The consequences of the impending national bankruptcies: The governments of Portugal and Ireland are waiting for Greece to default. If that happens then it will likely trigger the bankruptcy of several European banks*. This is the “Second Lehmann Brothers” the […]
Read MoreThe greatest gift to the Greeks might be to let them go it alone – Telegraph
There comes a moment in any decent tragedy when the penny finally drops. The light breaks. The protagonist suddenly realises what a chump he has been – that he has somehow managed accidentally to marry his mother and kill his father – and that all his assumptions about his life […]
Read MoreA serious commitment to crew weight
Each year, the good people of High Wycombe weigh the Mayor, the councillors and the MP to check who is gaining weight at taxpayer expense. It’s a magnificent idea but strangely my Westminster colleagues seem reluctant to institute the tradition on Parliament Square. Unfortunately, I put a little weight on […]
Read MoreOn the IFS’ budget analysis
“It is not clear how you would go about working out how much better off a household is from not having a Greek-style meltdown,” said Mr Browne. via FT.com / UK / Politics & policy – Equality fears add to Budget woes.
Read MoreBritish taxpayers ordered to bail out euro – Telegraph
Via British taxpayers ordered to bail out euro – Telegraph: All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. And the […]
Read MoreEd
Wildwind 200, originally uploaded by stevenjbaker. Wildwind 213, originally uploaded by stevenjbaker.
Read MoreMarko gybing
Wildwind 147, originally uploaded by stevenjbaker.
Read More