If excessive debt has got us into this mess, and the main thrust of the attack against Mr Brown is his plan to add to the national debt by untold zillions – and then tax us out of existence to pay for it - what, one might ask, is the EU playing at, setting up a EU "recovery plan" which amounts to EU member states borrowing €200 billion more than they have already?

This, we are told by The Times is the EU's brilliant idea "to beat the slump", in which member states are being "encouraged to follow Britain's lead".

View full article here

I will continue to read the article. But, even afeter only the first paragraph, I have to say that I am incredulous before the political "mainstream" that thinks that the answer to the problems brought upon us by cheep credit is to offer even larger chunks of even cheeper credit.

Insane. Just insane!

What do you mean "it will all come to grief"?
just the next meeting or something much bigger?

http://online.wsj.com/mdc/public/page/2 ... nav_2_3000

Hmm,
Germany 10yr euro 3.28%
Italy 10yr euro 4.38%

ie. 33% more cash flow from Italian backed euros than from German backed ones...
Or, to get 100 euros pa income you'd need 3048 German euros or 2283 Italian euros...
And this is the same currency??

There's something odd about that picture of the Corbiere lighthouse. There's sunlight fron the left, illuminating the rocks in the immediate foreground, and there's a full moon rising, 90 degrees too far north, I think.

Hold on a minute: don't tell me that the Jersey Tourist Board has been taken over by Hamas!! Good grief - is that Green Helmet Man scrambling over the rocks towards us, with a dead baby in his arms?

So your having your Conrad Veidt moment

Where the lighthouse shines across the bay,
There's a cottage kissed by fume and spray,
Cheerful logs to warm the winter day are blazing.
List'ning to the breakers on the shore,
From a tiny cottage thatched with straw,
Stands a fair-haired lassie at the door star gazing.
Watching the dark clouds, dreading the gale,
Counting the days since her lover set sail.
Where the lighthouse shines across the bay,
Seagulls on the shore have heard her say:
"Come home, my love, come home, dear love, come home."

http://www.telegraph.co.uk/news/worldne ... boost.html

But also (and I'm not sure this made the hardcopy version)

Here it comes ....

For a broadsheet to hint that eurosceptics should check this out, is a very interesting point. Did the editor notice?

That's talking about bonds issued by the relevant countries. You can buy either of them with the same Euros.

Ah! So that's the method of entry. They just shove a hand though this MFA cat flap and unlock the back door from the inside. We're living in a house designed by burglars.


Christ! They're talking like mafiosi now too.


They wanta respecta? Well, I'd be very happy indeed to oblige them. I want to pay them my last respects.

I look forward to a coming "St Valentine's Day" when we can massacre the lot of them.

OT - On Question Time tonight George Osborne, actually said that under EU law VAT couldn't be lowered more than 15%.

And the Sainsbury's panellist also mentioned that something (forget what, was so shocked at Osborne's admission that I missed it) the government wanted to do was also illegal under EU law.

After years of silence, twice in one night. Let's hope it's the beginning of a trend,

Rosie,

Probably just a slip of the tongue, the cover-up will continue

Germany 10yr euro 3.276%
Italy 10yr euro 4.449%
35.8%
The rift widens...
Barroso reaching for German/Swedish/Dutch wallets, Merkel knows it...
Gunfight at the EU corral...

G 3.255%
I 4.459%
37% more from Italy.....

G 3.170%
I 4.416%

39.3 % more cash-flow from the Italian government.
Just how silly can this get? Will it all get better if everyone doesn't notice?