Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
That is trivially solved by procuring, in the open market, foreign exchange to match domestic liabilities and essential imports.

Of course, if a state insists on running insane economic policy, then it will be better off in receivership.

But a state which insist on running insane policies would generally be better off not being sovereign in the first place.

Moreover, the propensity of right-wing governments toward insane policies is only a weak argument against voting for independence, but a very strong argument against voting for right-wing governments.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Sep 9th, 2014 at 02:16:27 PM EST
[ Parent ]

Others have rated this comment as follows:

melo 4
DoDo 4

Display:

Top Diaries

UK election thread

by fjallstrom - Dec 12
68 comments

It's Tory Austerity Stupid!

by Oui - Dec 9
68 comments

Leave UK <dot> DT

by Oui - Dec 4
71 comments

Occasional Series