"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Tuesday, 17 August 2010

Oh, Dear, Dear, Dear

Look on the bright side - I could have called this post 'WTF?'

The eurozone is still in denial.  Spain will be reliant on handouts from the European Central Bank for years to come and Spanish borrowing has risen from roughly 8bn euros per quarter in 1999 to almost 140bn euros pq today.

When news is reported by the msm you know it's tail-end Charlie news:  Spain's worst recession in sixty years

The average unemployment rate in Spain is 20% but it's higher in the 18-24yr old group (another 'harmonised' target). I have one question for Cameron: why have you barred eurosceptic MPs from front-bench Cabinet positions?

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