Thursday, June 11, 2009

NuLabour gets desparate for attention

Britain will 'obviously' join Euro says Mandelson

Britain "obviously" remains committed to joining the euro following the currency's "success" in helping its members to weather the economic crisis, Lord Mandelson said."The newly promoted First Secretary of State, speaking in Berlin, hailed the euro as a saviour that had brought stability to the European Union during financial turmoil" (I thought Gordon Brown had saved the world).

Posted by alan @ 06:31 PM (893 views)
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5 thoughts on “NuLabour gets desparate for attention

  • While it’s true that Ireland, Spain and Italy got into bother in part through Euro membership and the one size fits all so long as you’re Germany interest rate policy, many other countries large and small also managed it quite well without being in the Eurozone (Iceland, the UK, the Baltics, not forgetting the US).

    So actually think Mandy is quite right that the Euro has brought stability to the Eurozone economies post-crunch.

    The many good reasons for joining the Euro haven’t gone away and negotiations for British membership would be an opportunity to fix the broken stuff.

    That’s not to say there aren’t many arguments in the other direction anti-Euro, but you here plenty of those here and it’s only fair to occasionally note that there is a reasoned case to be made on the other side.

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  • It wouldn’t surprise me if the Tories, during a second term, negotiated entry. Cameron may be playing the ‘Eurosceptic’ card now, but with a large Tory majority he won’t need to and if the CBI etc support Euro membership then he and his cabinet will follow suit.

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  • The pound has been our saviour in this crisis as it enabled us to devalue our way partly out of trouble.

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  • Since when has an unelected and disgraced member of a cabinet filled with disgraced and unelected ministers and headed by an unelected leader had any kind of authority to pronounce on our joing the euro, given that they promised the country a referendum and went back on that promise?

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  • yes jonb, the devaluation of the pound has allowed us to import inflation and enjoy petrol and diesel at over a quid a litre – very good for economic recovery!

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