Re: Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit Archived Message
Posted by Ken Waldron on September 12, 2019, 8:05 pm, in reply to "Re: Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit"
The Greek problem was not being in the EU but being in the Eurozone as Yanis Varoufakis rightly recognised at the time, wanting Greece to exit the Eurozone but stay in the EU. As I said the Euro had no real central bank: it had no monetary strategy aside from an inflation committee. as your own author in the article says: ‘...upfront debt restructuring would have been better for Greece’. However, this did not go ahead because it was deemed ‘not acceptable to the Euro partners’: i.e. Eurozone. Varoufakis also said recently: " The more astonishing thing is that the argument for no-deal is sometimes made by Eurosceptics on the left as well. As if there is a collective memory loss regarding the role of WTO as an organisation promoting economic competition, widening the gap between wealthy and developing countries, offering no protection to either labour or the environment. So, please, stop using Greece as a justification for your ill-conceived arguments. The reality of Brexit is that the British people are about to lose a lot and gain nothing. The EU is in need of urgent reform but, as everyone with experience in negotiations knows, it is a bad idea to give up your rights on the basis of vague promises. In every negotiation you have to retain what you already have in order to make further gains: exactly the opposite of what Britain is about to do, in a delirium of self-harming arrogance. As for Greece, the victim of the Eurozone’s structural problems and rigid adherence to neoliberal doctrine, it is true that Britain simply staying in a status-quo EU is not going to change these conditions. But Britain with a Labour government, working within the EU, could change the balance of power towards a more social – even socialist – Europe."
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- Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit - johnlilburne September 12, 2019, 11:53 am
- Re: Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit - dereklane September 12, 2019, 12:14 pm
- Re: Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit - johnlilburne September 12, 2019, 12:18 pm
- "Trickle down" = flood up....nm - Keith-264 September 12, 2019, 12:29 pm
- Indeed. NM - johnlilburne September 12, 2019, 12:49 pm
- Re: Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit - Sinister Burt September 12, 2019, 1:22 pm
- Re: Oborne: Jeremy Corbyn can save the UK economy from the perils of a no-deal Brexit - Ken Waldron September 12, 2019, 2:33 pm
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