Douglas Carswell For almost two years this blog has called for a policy of default and decouple in response to the crisis in the Eurozone. How ministers and experts scoffed at the suggestion. How Treasury officials rolled their eyes.  Instead, they pursued a policy of bailout-and-borrow.  First under Labour, and then under the Coalition, billions  [ Read More ]

Douglas Carswell You’d have thought by now they might get it. After two years of bailout-and-borrow in the Eurozone, you’d have thought they might see it had not worked. How has throwing all those extra zillions at the crisis made the underlying debt problem any better? Three more Eurozone banks have been given public money  [ Read More ]

John Redwood Mr Darling’s book is an important contribution to the UK debate. It confirms what was so strongly denied at the time – many in the Labour party thought Mr Brown was a disastrous Prime Minister. He argues that Mr Brown did operate through a small cabal, was extremely political in everything he did,  [ Read More ]

John Redwood The UK government has been right to argue against a further Greek bail out, and right to keep the UK out of any direct Greek bail out. I have argued here that another bail out for a country which cannot afford its current debts will not solve the problem. it just means more  [ Read More ]

Bryan Gould Europe’s politicians and bankers have no one to blame but themselves for Greece’s current agony, but they insist that the price of their foolishness should be paid – not by any sacrifice on their own part – but instead by ordinary Greeks. The euro-zone was always a disaster waiting to happen. Yet, even  [ Read More ]