Douglas Carswell's Blog

AA+? More like an F minus for our elite on the Euro

Who'd have thought it, eh?  The Euro crisis keeps rumbling along with the prospect of a French downgrade meaning that a full blown sovereign debt disaster looming ever closer.

For two years, this blog - along with a growing band of commentators - has pointed out that bailout-and-borrow will not work, advocating a policy of default and decouple instead.  

At the same time, smart establishment opinion ploughed ahead regardless. 

In BBC studio-land, bankers with vested interests in more Euro bailouts were invited to comment as though they were impartial observers.  Most disgraceful of all, the UK treasury carried on sinking billions of pounds into the monetary madness - and, say Treasury ministers, might do so yet again.

As Lord Melbourne once put it "What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass."

Where is the West's leadership?  Where are those who not only get the problem, but know how to fix it?  Where, one might ask, are the Thatchers and the Reagans of today? 

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