Time to play the ECB card

A debt crisis is never made better by more debt. What part of this statement do the EU and our government not understand?

27th November, 2010
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Our government, with its New best friends the EU and IMF, has considered finally crossing the Rubicon and announcing burden-sharing for senior bondholders of the banks.

The fact that this should come as news to anyone amazes me.

We don’t have the money to pay them so they won’t be paid, plain and simple. This has been clear for some time. The question now is, will they take the final step and realise this, when...

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