If the Euro area decides after all to lend Greece another 53 Billion euros that they can’t pay back, we need to ask what was the crisis for? Why close the banks, undermine asset values, put Greek people into more misery and cut the output and tax revenues of the Greek economy? Why seek to change the Greek government and then lose a referendum when the Greeks called the Euro area’s bluff? And if Greece agrees to the austerity it rejected, why did they put themselves through the pain and cuts of the last few weeks, when they could have volunteered for austerity earlier to release more cash?
By Steve Parkhurst, Senior Editor, USDR.
Looking at the news and opinion out of London each day.
After 17 hours of negotiations Greece and its creditors have just agreed a third bailout deal – and already there’s a new hashtag campaign on Twitter protesting that #ThisIsACoup. Paul Krugman agrees. Why so?
German Chancellor Angela Merkel said there “won’t be an agreement at all costs” on a Greek bailout deal as eurozone leaders arrived for a summit in Brussels
Judging by the uproar that greeted Harriet Harman’s decision to support limiting future tax credit claims to just two children, Labour almost looks as though it is in a worse position as a party than it was in 2010. Labour’s interim leader has plenty of good reasons for picking this policy: she spoke to voters who talked about being unable to afford to have another child and who were aggrieved by the way benefits made this possible for others, she thinks her party lost because it didn’t seem to be listening to such voters, she’s the current leader and there are a lot of welfare cuts going through at present which the party needs to adopt some sort of position on if it is to work as a strong opposition.
Funds should not be used for political lobbying.
George Osborne has taken a step towards becoming the next prime minister
“Businesses must change the sickness culture,” says Iain Duncan Smith
Ethical objections to the all-conquering app are laudable, but try maintaining those when there’s a cut-price chauffeur at the door
If the Chancellor wants to eradicate low pay, he should embrace properly Tory ideas instead of aping bad Labour ones
The current regulations are outdated, ineffective and nonsensical.
The living wage is the Tory Clause Four moment – but it will destroy jobs and reduce opportunity
Plus, why the voters of London would be lucky to have Syed Kamall as a mayoral candidate.
The Chancellor will have to end the madness of welfare dependency without angering the British people – but he must persist
Tomorrow’s Budget is expected to be brutal, with the Conservatives recognising that now is the time to inflict the maximum pain as the party is the furthest it will ever be from the next election.
The party is facing assault from the anti-austerity Left and a Ukip fuelled by Britain’s corroding poverty . Its relevance hangs in the balance
In the modern world, no single country can get its way on its own.
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