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by keithpeter 2776 days ago
http://www2.politicalbetting.com/index.php/archives/2018/11/...

YouGov poll on labour voters would suggest caution on Mr Corbyn's part.

I voted remain mainly because I could not see how UK could dis-engage from local markets and just-in-time processes without significant turbulence. Corbyn gave EU 6.5/10 marks, I personally would score around 5.5/10 or 6/10 mainly because of the treatment of Greece.

Basically, like on Slackware when you misconfigure something, 'stormy weather ahead'

1 comments

So Greece should be allowed to run up huge debts and then not pay them back?
So banks in Germany should be allowed to lend huge amounts of money to countries with the same currency but much higher bank rate without regard to loss?

'Moral Hazard' is something I have reservations about.

I mean I see your point but it works both ways, should German pensioners pay for the mistakes of bankers and successive Greek governments... really I’m a bit playing devils advocate I don’t think the Greek people should be paying either.
Half a currency (Eurozone has common currency value but national banks can still set bank rates) is the problem I think. UK stayed out of Euro because of the Black Wednesday experience during the ERM I suspect.