Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"The current crisis is just cyclical, not systemic" is indeed likely to be an approved party line (ie there should be no questioning of current narratives).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Feb 1st, 2008 at 08:31:22 AM EST
[ Parent ]
Quite right.

But some question more narratives than others.

Tim Congdon

was at it again re Northern Rock in the FT today but the lessons he draws are not quite the ones I draw....

Still, he's speaking a truth I've never seen anywhere else in the MSM.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Feb 1st, 2008 at 08:49:00 AM EST
[ Parent ]
FT.com: Any 'gift' of public money to Rock is pure myth
The Northern Rock affair has been a reminder of how dismally Britain's institutions can perform if they have poor leadership. In effect, the European Commission has been granted a veto on the future use of lender-of-lastresort facilities by the Bank of England, while the Treasury regards its own expertise as so inadequate that it must pay American investment bankers for guidance and counselling.

We have met the enemy, and he is us — Pogo
by Carrie (migeru at eurotrib dot com) on Fri Feb 1st, 2008 at 09:03:13 AM EST
[ Parent ]


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