I wonder what would happen to our interest rates without the Euro.
Either we hold it down to stimulate the economy, meaning a crash in the punt, and huge inflation on imported goods, with it's knock on consequences of industrial unrest.
Or the other alternative would be to jack them up to what they were in the late 80s/early 90s and crucify homeowners who are struggling at the moment anyway.
The Euro certainly has it's flaws, but it reminds me of Churchill's quote on democracy
Quote:
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It has been said that democracy is the worst form of government except all the others that have been tried.
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