United Kingdom - The IFS has urged the Government to consider a £20bn fiscal stimulus in the event of the eurozone break-up, saying a possible plan B should be outlined in the Budget. However, the institute’s director Paul Johnson said the IFS was "firmly on the fence" as there was a risk of increasing government borrowing costs. Johnson added that a stimulus plans of this order would have negligible effect on economic growth, suggesting it would only deliver one or two tenths of a percentage point of growth. A Treasury spokesman said: “The IFS say that tackling the deficit is necessary, that without the Government’s deficit plan borrowing would be much higher, and that any fiscal stimulus big enough to make a difference would undermine investor confidence and so risk higher interest rates.” ---The Institute of Fiscal Studies doesn't know it's elbow from its posterior. Where was "it" when the debt crisis was blowing up, and Brown was showing his shrewd economic management of feeding the banksters and starving the rest of the economy? Much better to listen to someone like Ron Paul (US Republican maverick) who predicted this crisis. Cameron and Osborne have done the right thing by cutting back spending, and need to do so even more aggressively. The reason UK has not gone to tatters, despite Brown, is the money pumping was stopped. But the economy is still fragile. Somehow the money trapped in the self-serving hoarding of parasitic banks and financial institutions has to be forced back into the economy.....By it's very inception the euro has failed - nations, a whole continent of peoples.................oh, they mean if it meets it's maker, if it ceases to be. Personally I wouldn't call that event a failure.
Access Investments-Building Awareness - European Union-ROMANIA
Thursday, February 2, 2012
This financial foreplay is becoming exceedingly tedious
United Kingdom - The IFS has urged the Government to consider a £20bn fiscal stimulus in the event of the eurozone break-up, saying a possible plan B should be outlined in the Budget. However, the institute’s director Paul Johnson said the IFS was "firmly on the fence" as there was a risk of increasing government borrowing costs. Johnson added that a stimulus plans of this order would have negligible effect on economic growth, suggesting it would only deliver one or two tenths of a percentage point of growth. A Treasury spokesman said: “The IFS say that tackling the deficit is necessary, that without the Government’s deficit plan borrowing would be much higher, and that any fiscal stimulus big enough to make a difference would undermine investor confidence and so risk higher interest rates.” ---The Institute of Fiscal Studies doesn't know it's elbow from its posterior. Where was "it" when the debt crisis was blowing up, and Brown was showing his shrewd economic management of feeding the banksters and starving the rest of the economy? Much better to listen to someone like Ron Paul (US Republican maverick) who predicted this crisis. Cameron and Osborne have done the right thing by cutting back spending, and need to do so even more aggressively. The reason UK has not gone to tatters, despite Brown, is the money pumping was stopped. But the economy is still fragile. Somehow the money trapped in the self-serving hoarding of parasitic banks and financial institutions has to be forced back into the economy.....By it's very inception the euro has failed - nations, a whole continent of peoples.................oh, they mean if it meets it's maker, if it ceases to be. Personally I wouldn't call that event a failure.
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6 comments:
It's about bank contagion. There'd be a sharp dip in GDP of -2% or -3%. Quite painful. But the IFS graph shows the UK would recover very sharply two years on - and the restructuring would be very economically beneficial in the long-term, so I'm happy to take a short term hit from a euro break-up.
In fact the sooner the euro breaks up the better for us and for the eurozone.
Debt crisis: UK 'would enter deep recession on euro break-up'"
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Oh no it won't ...............unless you've already got a deep recession lined up for the UK & are looking to blame it on the euro breakup????
Well if Osborne needs a £20 billion Plan B if the Euro breaks up, he hadn't better 'lend' £30 billion to the IMF who will promptly pass it over to Greece.
He should tell Merkozy and Madame Lagarde that they've had all they're going to get from the UK.
Secret Societies of Todays Oligarchs have similar practices ?
"Templars, Baphomet, and Banking"
http://www.youtube.com/watch?v...
Constructive discussions continue on the voluntary debt exchange as other matters move forward. We hope that the various elements of the Greek package will come together in the days ahead.
20.15 Greece and the IMF are now saying that a debt deal will be concluded in a "matter of days". That sounds a little less imminent than claims made over the last week or so...
The German chancellor is expected to meet with Chinese investors during her visit to Beijing, and officials are hoping that she might persuade them to invest in Europe.
German news magazine Spiegel reports:
A senior government representative stressed in Berlin on Tuesday that "Chinese investments are expressly welcome. They will be sought, used and appreciated" -- both in Germany and in the rest of the euro zone.
It may not be an easy sell. Three months ago, Klaus Regling of the EFSF toured the Far East looking for support, and came away empty handed.
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