tag:blogger.com,1999:blog-36227136.post4575790824453217160..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Kicking the euro while it’s downOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36227136.post-84793244408085653402011-03-28T04:00:20.065+01:002011-03-28T04:00:20.065+01:00I think the ECB will raise the rate once, however ...I think the ECB will raise the rate once, however it is diffcult to argue that a series of rate hikes will follow given the current market environment.valuehttp://theintrinsicvalue.comnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-3333933051415428462011-03-25T11:33:43.405+00:002011-03-25T11:33:43.405+00:00The Vienna convention (as well as the sleeping bea...The Vienna convention (as well as the sleeping beauty called the Luxembourg compromise)allows us to withdraw from any treaty obligation by giving notice, which actually applies to the entire EU set-up. Here we seem to have agreed to underwrite a vast blank cheque at a time when our national fnances are in a terrible state so we are now in effect borrowing to (inter alia)give it to the EU. If it is in our national interest to support the Portuguese well and good but I doubt it. The 1911 Parliament Act makes the House of Commons the sole arbiter of the raising and spoending of public money so why not have pulling out as an option?john parfittnoreply@blogger.com