Your country needs me

As we now know that English is pretty much the lingua franca (a good – imported – English phrase!) of the EU we also know that they have a deep understanding of (the idiocies of) current British politics. We are negotiating with ourselves in full sight of our fellow negotiators. It is some evidence of… Read more

Not another one? Why not use the numerical evidence to guide us?

I agree with Clement Atlee and Margaret Thatcher, referenda are “a device of dictators and demagogues”. The whole point of representative democracy is that we elect representatives to make decisions on our behalf. If we do not like their decisions, we can elect new representatives. Adding referenda into this mix creates conflicting mandates leading to… Read more

From being ironical, ‘local currency’ is now of the essence

FT Alphaville (which is generally free) has an article on an Italian bank that has gone bust entitled ‘The curious case of Banca Carige’. It certainly is – the European Central Bank (ECB) is acting as a receiver! It states: The ECB assumed new powers in 2014, through the implementation of the Single Supervisory Mechanism… Read more