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