Don't blame Europe for our lousy leaders.

Yes we are stuffed and it has absolutely nothing to do with Europe. We are the last major economy still in recession. We have the largest proportion of personal debt in the world. Household debt in the UK is 176.9% of Income in the USA its 141.2, in Germany 104.8, in France 89.1 and Italy 68.9. It is our banks that have the greatest problems – if we had the problems of the European banks we would be in a better position – not brilliant, but better. I could continue to spout all the lousy UK statistics, but you’d probably loose the will to live. So perhaps a little less moaning about Europe – it is the ‘Anglo-Saxon’ model that has been found wanting and will have to prove itself. Apart from that less reliance on the financial sector may actually concentrate minds and do us some good. You can’t run an economy with nothing other than parasites. Yes, that includes us – we don’t actually produce anything – we just recycle. So we might actually start to pay engineer’s banker’s salaries and pay the bankers what engineers have been getting. Oh and by the way if you want proof that Europe does have some sense and discernment you only have to remember your own words – Blair was never really in the running – thank heavens!

Posted by: Harry Katz