Quote:
Originally Posted by Pierre
Yes, the overriding issue our French neighbours seem to be overlooking is that we're not in the Euro.
Our deficit and growth outlook may be no better than the French or even a little worse, but we haven't got to carry Italy, Greece, Spain & Portugal.
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Our banks are also already recapitalised, 250bln of our debt is held by our central bank and can be torn up at will, and our banks are far, far, far less heavily exposed to the PIIGS with the exception of Ireland who we're assisting unilaterally.