Fighting for our economic reputation

The increasingly negative expectations of traders across Europe - along with the warning sounded by EC president Jose Manuel Barroso - are seriously threatening our ability to borrow effectively.

31st January, 2009

Last Friday, former Maoist - and head of the European Commission – Jose Manuel Barroso mentioned Iceland and Ireland in the same breath.

He intimated that, without the euro, Ireland would be Iceland. The same day, Jean-Claude Trichet, the head of the European Central Bank (ECB) and a man who has never had a job outside the cosseted French - and then European - public sector, claimed that there were no difficulties with any eurozone...

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