Britain: better get your fiscal house in order, says Brussels!!!
When the laughing stops, the British might remind Euroland that it has a big advantage over Greece, Ireland, Spain, Italy, and Portugal: a currency it can call its own…
And that currency can be devalued quite easily, because London isn’t running a monetary policy based on pleasing Germany and bailing out her bankers!
Greece and the others caught in Eurocontagionville would be better off deciding, if the decision hasn’t already been made for them, that the Euro is best left behind.
Default is always an easy choice when the alternative is 10 years of no growth and a total breakdown in social cohesion.
Gorilla says: “Let’s see who wins the race to break the buck!”
