Posts Tagged ‘Euro’

“Who the #€££ do you think you are?” British politician to the EU

Thursday, December 2nd, 2010

Sorry, again, Mom, if you’re checking the blog, but this video features the H-E-double-hockeysticks word.  His speech emphasizes a line in a recent report from BCA Research on Ireland’s dillemma,

The big problem for Ireland today is that fiscal austerity without a large currency devaluation is like committing economic suicide – without a cheapened currency to re-create nominal growth, fiscal austerity can only serve to crush aggregate demand and precipitate an economic downward spiral.

He also repeats the dominoes to go after Ireland . . . Portugal and Spain, after which bailouts, the ECB’s emergency bailout money is gone.

 

And in response, Jean Claude Trichet, European Central Bank chief, had this to say:

Here is more on the speaker, Nigel Farage

Share