Douglas Carswell's Blog

How's that bailout coming along?

Italian 10-year bond yields up to 5.71 percent. Spanish 10-year bond yields are above 6 percent.

In other words, things are sort of where they were before the EU elite generously bailed out bond investors with other people's money.

Rather than simply tagging along with more bailouts or schemes to create a fiscal union, the UK government should be pressing Eurozone leaders to take the 3D approach; Default on the debt, Decouple from the Euro, Downsize the public sector.

The collapse of the Euro would be a disaster, whine the Whitehall officials. The same voices once said quiting ERM would ruin us. One thing worse than the restoration of different currencies for different countries would be to tie millions of Europeans to this monetary monster at any price.

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