Sunday 8 March 2015

To anger the eurotwerps

I'm beginning to wonder whether the Eurotwerps will ever waken up to the fact that the rise in the value of the pound and the fall in the Euro is going to be very damaging to the British exports to Europe of which they talk so much.

EU (and particularly German) exports to Britain will grow. Our exports to the EU will fall and we'll see a bigger threat to the three million jobs they tell us depend on EU membership than any threat of withdrawal could ever create. It will also allow Germany to run an even bigger and more selfish trade surplus than before damaging demand through pout the EU.

Don't they realise as they blather on about the EU bringing peace and mutual understanding to Europe, that the Euro is bringing deflation and pain to the Mediterranean countries and  de-industrialisation to us. 

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