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As the International Monetary Fund made clear last week, Britain is lucky that markets have not yet imposed a “penalty interest” on British Gilts, given the trajectory of UK national debt – now vaulting towards 100pc of GDP – and the scandalous refusal of this Government to map out any path back to solvency.
“The UK has been getting the benefit of the doubt, both in the Government bond market and also the foreign exchange market. This benefit of the doubt is not going to last forever,” said the Fund.

France and Italy have been less abject, but they began with higher borrowing needs. Italy’s debt is expected to reach the danger level of 120pc next year, according to leaked Treasury documents. France’s debt will near 90pc next year if President Nicolas Sarkozy goes ahead with his “Grand Emprunt”, a fiscal blitz masquerading as investment. (...)

The imperative for the debt-bloated West is to cut spending systematically for year after year, off-setting the deflationary effect with monetary stimulus. This is the only mix that can save us.
My awful fear is that we will do exactly the opposite, incubating yet another crisis this autumn, to which we will respond with yet further spending. This is the road to ruin.

Ambrose Evans-Pritchard 2009/07/18
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5857074/Fiscal-ruin-of-the-Western-world-beckons.html

Que l’europe c’est 27 pays et pas 4 .

Ou alors on se met a genoux et on leur rend grace que c’est trop d’honneur qu’ils puissent ne serait ce qu’imaginer que la france puisse cooperer avec eux .

Bref il faut qu’ils reconnaissent que ca fait 40 ans qu’ils torpillent l’europe et qu’on aimerait au moins qu’ils fassent acte de contrition avant de la reintegrer

@francis et son fascicule du parfait boy scout(clichés du parfait loyaliste keynésien).
êtes vous encore porté  par des limites de couvertures obsolétes et aléatoires ?
http://www.imo.org/TCD/contents.asp?topic_id=257&doc_id=647

Dans ce cas les Francais ne devraient pas avoir de soucis pour orienter le tapis vers la mecque..surtout si l’on est “scout de france”.

Cela explique peut-être ceci.

http://www.independent.co.uk/news/business/news/uk-economy-set-for-biggest-fall-since-1945-1752127.html

Curieuse époque. Les effondrements se font désormais en silence. Fini les paniques et les effrois collectifs. C’est une forme de schizoprénie qui n’aura qu’un temps. Faisons donc semblant que tout est normal et que tout va bien.