Douglas Carswell's Blog

How's that Eurozone bailout-and-borrow approach working out?

The Institute of International Finance has warned that the Eurozone might lose up to Euro 1 trillion if there is a Greek default.

I guess that’s what happens when you chuck vast quantities of good money away by recklessly increasing the debts of a debtor.  You lose it.

At times over the past two years it seems that you have to be a Treasury official not to have seen it.  

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