Migeru:

The UK has gone the Austerity way because of common sense conservative economics.

The Euro crisis has nothing to do with common sense conservative economics? Practically all Europe is run by conservatives.

The Euro Crisis has to do with having encoded common sense conservative economics into the constitution. At key points, insane people have been able to shut down debate on sensible policies just by pointing to the treaties.

In the UK, you have an insane government, against which are arrayed the Bank of England's monetary policy, the FSA's Adair Turner, the Financial Times economic policy commentators from Martin Wolf all the way down... So the UK is doing much better than its government's stated policy allowed. Because it lacks the Eurozone's lemming-like unity of political purpose.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS