European Union rules limited the ability of British financial authorities to cope with the crisis at Northern Rock, according to a pamphlet published today by a leading economist.
The fine print:
Prof Congdon's pamphlet was published today by thinktank Global Vision, which campaigns for a looser British relationship with the EU. Global Vision director Ruth Lea said: "The health and stability of the financial sector is vital to the well-being of the British economy. "Tim Congdon's paper shows that it is crucial to renegotiate our membership with the EU so we are free of EU involvement in our banking system."
Global Vision director Ruth Lea said: "The health and stability of the financial sector is vital to the well-being of the British economy.
"Tim Congdon's paper shows that it is crucial to renegotiate our membership with the EU so we are free of EU involvement in our banking system."
She is often on the BBC because they consider her absolutely bonkers (quote from a staffer on a BBC current affairs prog) and likely to provoke an argument from her extremism and thus make good telly. nb, not informative, just entertaining - a curious value in current affairs.
The Guardian feature her for the same reason, which I find mystifying. I don't mind reading right wing views so long as they're coherent and evidence based (it's possible - Max Hastings is always worth reading for this very reason), but I object to reading drooling at the mouth absurdity, which is what Lea and Fukuyama serve up. keep to the Fen Causeway
