UK elections

The UK economy still under a cloud

Cuts versus snips, debate, like air travel, suspended

More hot air than in a TV debateMore hot air than in a TV debate
"Is it all over?", asked a friend from overseas. I stated to explain, the date of the election and so on, but was cut short, the enquiry was about the crisis in Greece. Could the euro now said to be "saved", was the single currency and so by implication the EU, going to make it? So it's back to this post and its theme. At the time that post was written it did seem that the UK general election would come before any decision on the Greek problem. Indeed, all of the party leaders might have preferred it that way. For now, with just days to go before polling day, a decison has been reached to help Greece. However, while the EU and IMF may have made decision, that's not the same thing as a solution to the problem. There will have to be massive cuts in the costs of the Greek state. Obviously this will not be popular with the Greeks and to seek a perspective on this, comparisons will be made with other countries. And naturally, (ha, ha!) the problems of Greece and the UK are not at all similar, are they? So, rather like the Greeks spent years pretending they could go on as before, so can we; boom and bust are behind us, a thing of the past right?

Syndicate content