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The only criticism is that it is optimistic.

That point 5 made me laugh. Our conservatives will use the EU demands to impose massive cuts on the social programmes and NHS that they desire, but that the populace would never accept.

They will say: "we did not want this, but the EU is forcing us, all because the Socialists left this in a disarray".

Shock doctrine.

by cagatacos on Tue May 31st, 2011 at 05:47:18 AM EST
[ Parent ]
That may be so, but it doesn't invalidate my central thesis that greatly expanded ECB lending to Portugal at low interest rates will enable Portugal to avoid Euro exit and recover, to some extent, in the context of an initially under valued Euro and a re-envigorated Eurozone more generally.  German surpluses have to be invested somewhere, and the trick is to channel them into productive investment rather than another property bubble.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue May 31st, 2011 at 07:24:53 AM EST
[ Parent ]
  The part that made me smile and say, "if only," was this:

    "The neo-liberal argument, that economic progress required reduced "Government interference" and greater "free-market reforms" has been comprehensively and devastatingly defeated."

   Who said, "[there] ain't nothin' 'over' " ?

"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge

by proximity1 on Tue May 31st, 2011 at 07:57:50 AM EST
[ Parent ]
ok - perhaps a teeny weeny bit over-optimistic.  But you have to paint a future history narrative with broad brush strokes...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue May 31st, 2011 at 08:00:59 AM EST
[ Parent ]

  Reporter: And, then, what is your view of the French Revolution?

  Ho Chi Mihn:  It's too soon to tell.

"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge

by proximity1 on Tue May 31st, 2011 at 08:03:30 AM EST
[ Parent ]
by wu ming on Tue May 31st, 2011 at 01:49:59 PM EST
[ Parent ]
And it may be apocryphal. But it's definitely Zho Enlai, whether or not it's apocryphal.
by gk (gk (gk quattro due due sette @gmail.com)) on Tue May 31st, 2011 at 02:00:32 PM EST
[ Parent ]

  Ooops.  Sorry.  Of course! zhou en lai, not Ho Chi Mihn.   Thank you for the correction.

"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge
by proximity1 on Tue May 31st, 2011 at 03:44:41 PM EST
[ Parent ]

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