Boris Johnson and the euro brick wall
I don’t mind Boris Johnson. In fact, I voted for him as mayor of London, twice. But it has come to something when I agree with him about the euro. In his Telegraph column today he criticises the curious Cameron-Osborne-Balls consensus on which I commented the other day:
It is frankly unbelievable that we should now be urging our neighbours to go for fiscal union. It is like seeing a driver heading full-tilt for a brick wall, and then telling them to hit the accelerator rather than the brake.
I mean, I can see why David Cameron and George Osborne have to tread carefully on the sensibilities of our EU partners – although the Prime Minister has been roundly criticised for mildly pointing out that the Greeks have a choice: stay in the euro and accept the price;* or leave, devalue and go back to growth.
But Ed Balls need not be so circumspect, surely?
*Actually there is an option 1b, which is to stay in the euro, refuse to accept the terms of the bailout and wait for the Germans to make a better offer, which they will; but that promises no way out in the long run.Tagged in: boris johnson, euroscepticism
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